Liquidity Services (NASDAQ:LQDT) Share Price Crosses Above 200-Day Moving Average of $5.25

Shares of Liquidity Services, Inc. (NASDAQ:LQDT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.25 and traded as high as $5.45. Liquidity Services shares last traded at $5.31, with a volume of 185,861 shares changing hands.

A number of brokerages have weighed in on LQDT. ValuEngine raised shares of Liquidity Services from a “hold” rating to a “buy” rating in a research report on Friday, May 1st. Zacks Investment Research cut shares of Liquidity Services from a “buy” rating to a “hold” rating in a research report on Monday, May 4th.

The company has a market cap of $180.48 million, a PE ratio of -9.16 and a beta of 1.10. The business’s 50 day moving average price is $4.88 and its 200-day moving average price is $5.25.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, May 7th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The company had revenue of $52.82 million for the quarter, compared to analyst estimates of $57.31 million. Liquidity Services had a negative net margin of 8.86% and a negative return on equity of 9.90%. On average, equities research analysts predict that Liquidity Services, Inc. will post -0.5 earnings per share for the current year.

In other news, CEO William P. Angrick III acquired 67,574 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were bought at an average price of $4.11 per share, for a total transaction of $277,729.14. Also, CEO William P. Angrick III acquired 20,669 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $4.17 per share, for a total transaction of $86,189.73. The disclosure for this purchase can be found here. Insiders have bought 605,230 shares of company stock worth $2,628,374 in the last quarter. Insiders own 21.82% of the company’s stock.

Several large investors have recently modified their holdings of LQDT. SG Americas Securities LLC bought a new stake in shares of Liquidity Services in the first quarter worth $41,000. Magnus Financial Group LLC bought a new stake in shares of Liquidity Services in the first quarter worth $43,000. Marshall Wace LLP bought a new stake in shares of Liquidity Services in the fourth quarter worth $50,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Liquidity Services in the first quarter worth $53,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Liquidity Services in the first quarter worth $59,000. Institutional investors and hedge funds own 70.59% of the company’s stock.

About Liquidity Services (NASDAQ:LQDT)

Liquidity Services, Inc provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment offering approximately 500 product categories. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govdeals.com that enables local and state government entities, including city, county, and state agencies to sell surplus and salvage assets, as well as offers a suite of services that includes asset sales and marketing, and seller self-service; and auctiondeals.com, a self-service solution, which enable sellers list their own assets, and enable commercial businesses to sell surplus and salvage assets.

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