Liquidity Services (NASDAQ:LQDT) Stock Passes Above 200 Day Moving Average – What’s Next?

Liquidity Services, Inc. (NASDAQ:LQDT)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.27 and traded as high as $25.45. Liquidity Services shares last traded at $25.00, with a volume of 176,563 shares.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a research report on Monday, August 26th.

Liquidity Services Trading Down 1.4 %

The firm’s fifty day moving average price is $22.83 and its 200-day moving average price is $21.27. The company has a market cap of $763.30 million, a price-to-earnings ratio of 39.68 and a beta of 1.39.

Insider Transactions at Liquidity Services

In related news, Director George H. Ellis sold 5,500 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $22.54, for a total transaction of $123,970.00. Following the completion of the transaction, the director now owns 13,902 shares in the company, valued at approximately $313,351.08. This represents a 28.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jorge Celaya sold 3,248 shares of Liquidity Services stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $21.51, for a total transaction of $69,864.48. Following the completion of the sale, the chief financial officer now owns 51,988 shares in the company, valued at $1,118,261.88. The trade was a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,203 shares of company stock valued at $2,722,058 over the last quarter. Corporate insiders own 29.77% of the company’s stock.

Institutional Trading of Liquidity Services

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC grew its stake in Liquidity Services by 307.3% in the third quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock valued at $899,000 after purchasing an additional 29,746 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Liquidity Services by 0.5% in the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock valued at $11,757,000 after buying an additional 2,392 shares in the last quarter. Jane Street Group LLC increased its holdings in Liquidity Services by 33.4% during the third quarter. Jane Street Group LLC now owns 55,173 shares of the business services provider’s stock worth $1,258,000 after buying an additional 13,804 shares during the last quarter. State Street Corp grew its position in shares of Liquidity Services by 1.7% in the 3rd quarter. State Street Corp now owns 852,306 shares of the business services provider’s stock valued at $19,433,000 after acquiring an additional 13,947 shares during the period. Finally, Petrus Trust Company LTA lifted its stake in Liquidity Services by 147.6% in the 3rd quarter. Petrus Trust Company LTA now owns 32,674 shares of the business services provider’s stock valued at $745,000 after purchasing an additional 19,479 shares during the last quarter. Institutional investors and hedge funds own 71.15% of the company’s stock.

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.