Liquidity Services, Inc. (NASDAQ:LQDT) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 478,900 shares, an increase of 24.6% from the December 15th total of 384,300 shares. Based on an average daily trading volume, of 67,400 shares, the short-interest ratio is presently 7.1 days. Approximately 1.8% of the shares of the stock are short sold.
Liquidity Services stock traded down $0.05 during mid-day trading on Tuesday, hitting $5.63. The company’s stock had a trading volume of 78,765 shares, compared to its average volume of 65,618. The stock has a market cap of $191.82 million, a price-to-earnings ratio of -25.59 and a beta of 1.01. The business has a 50 day moving average price of $6.11 and a 200-day moving average price of $6.60. Liquidity Services has a 12 month low of $5.45 and a 12 month high of $9.16.
Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Tuesday, December 10th. The business services provider reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The business had revenue of $58.80 million during the quarter, compared to the consensus estimate of $53.73 million. Liquidity Services had a negative return on equity of 6.57% and a negative net margin of 8.50%. Equities analysts forecast that Liquidity Services will post -0.2 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Liquidity Services by 3.3% in the second quarter. BlackRock Inc. now owns 3,999,514 shares of the business services provider’s stock worth $24,357,000 after purchasing an additional 127,681 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Liquidity Services by 1.8% in the second quarter. Renaissance Technologies LLC now owns 2,344,854 shares of the business services provider’s stock worth $14,280,000 after purchasing an additional 42,515 shares during the last quarter. Vanguard Group Inc. lifted its stake in Liquidity Services by 1.2% in the second quarter. Vanguard Group Inc. now owns 1,683,370 shares of the business services provider’s stock worth $10,252,000 after purchasing an additional 19,503 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Liquidity Services by 24.1% in the third quarter. Russell Investments Group Ltd. now owns 732,889 shares of the business services provider’s stock worth $5,423,000 after purchasing an additional 142,281 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Liquidity Services by 3.9% in the second quarter. Northern Trust Corp now owns 371,666 shares of the business services provider’s stock worth $2,263,000 after purchasing an additional 13,865 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on the stock. BidaskClub cut shares of Liquidity Services from a “buy” rating to a “hold” rating in a research note on Saturday, September 21st. Barrington Research restated an “outperform” rating and issued a $10.00 price objective on shares of Liquidity Services in a report on Monday, December 9th. Zacks Investment Research cut shares of Liquidity Services from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, ValuEngine cut shares of Liquidity Services from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Liquidity Services presently has an average rating of “Hold” and an average price target of $8.63.
Liquidity Services Company Profile
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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