Liquidity Services (NASDAQ:LQDT) Stock Crosses Above Two Hundred Day Moving Average of $17.93

Liquidity Services, Inc. (NASDAQ:LQDT) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.93 and traded as high as $19.80. Liquidity Services shares last traded at $19.42, with a volume of 110,523 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LQDT. StockNews.com upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 13th. Barrington Research reiterated an “outperform” rating and issued a $27.00 price objective on shares of Liquidity Services in a research note on Tuesday, May 28th.

Liquidity Services Trading Down 2.1 %

The company’s 50 day moving average price is $18.82 and its two-hundred day moving average price is $17.93. The stock has a market cap of $591.92 million, a P/E ratio of 29.88 and a beta of 1.35.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $91.45 million for the quarter. Liquidity Services had a net margin of 6.30% and a return on equity of 18.51%. During the same quarter last year, the company earned $0.20 EPS.

Institutional Investors Weigh In On Liquidity Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LQDT. Dark Forest Capital Management LP purchased a new stake in Liquidity Services in the 3rd quarter worth approximately $286,000. Lazard Asset Management LLC increased its holdings in Liquidity Services by 4.8% in the 3rd quarter. Lazard Asset Management LLC now owns 21,562 shares of the business services provider’s stock worth $379,000 after acquiring an additional 980 shares in the last quarter. Wellington Management Group LLP increased its holdings in Liquidity Services by 7.0% in the 3rd quarter. Wellington Management Group LLP now owns 415,500 shares of the business services provider’s stock worth $7,321,000 after acquiring an additional 27,200 shares in the last quarter. North Star Investment Management Corp. increased its holdings in Liquidity Services by 103.8% in the 4th quarter. North Star Investment Management Corp. now owns 173,175 shares of the business services provider’s stock worth $2,980,000 after acquiring an additional 88,200 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its holdings in Liquidity Services by 43.4% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 20,734 shares of the business services provider’s stock worth $346,000 after acquiring an additional 6,277 shares in the last quarter. 71.15% of the stock is owned by hedge funds and other institutional investors.

Liquidity Services Company Profile

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.