Somewhat Positive Press Coverage Somewhat Unlikely to Impact Liquidity Services (LQDT) Stock Price
Headlines about Liquidity Services (NASDAQ:LQDT) have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Liquidity Services earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 47.3824370732941 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Liquidity Services (LQDT) traded up $0.05 during midday trading on Monday, hitting $4.85. The company had a trading volume of 72,100 shares, compared to its average volume of 122,775. The stock has a market capitalization of $154.66, a price-to-earnings ratio of -3.91 and a beta of 0.89. Liquidity Services has a 12-month low of $4.34 and a 12-month high of $10.15.
Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings results on Tuesday, December 5th. The business services provider reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.07). The firm had revenue of $61.40 million during the quarter, compared to analysts’ expectations of $64.10 million. Liquidity Services had a negative net margin of 14.51% and a negative return on equity of 21.96%. The firm’s revenue for the quarter was down 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) EPS. equities research analysts predict that Liquidity Services will post -0.91 EPS for the current year.
In related news, insider James M. Rallo sold 11,054 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $5.62, for a total value of $62,123.48. Following the completion of the sale, the insider now owns 11,054 shares in the company, valued at $62,123.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.30% of the stock is currently owned by insiders.
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About Liquidity Services
Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.
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