StockNews.com Upgrades Liquidity Services (NASDAQ:LQDT) to “Strong-Buy”

StockNews.com upgraded shares of Liquidity Services (NASDAQ:LQDTGet Rating) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday.

Liquidity Services stock opened at $11.65 on Wednesday. Liquidity Services has a 12 month low of $11.58 and a 12 month high of $30.00. The stock’s 50 day moving average is $16.79 and its 200-day moving average is $19.28. The company has a market capitalization of $414.46 million, a price-to-earnings ratio of 7.19 and a beta of 1.22.

Liquidity Services (NASDAQ:LQDTGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $68.28 million for the quarter. Liquidity Services had a return on equity of 23.28% and a net margin of 20.64%.

In related news, insider John Daunt sold 4,594 shares of the stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of $17.85, for a total transaction of $82,002.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 29.33% of the company’s stock.

Several hedge funds have recently modified their holdings of LQDT. Roubaix Capital LLC acquired a new stake in shares of Liquidity Services in the 4th quarter valued at $3,866,000. Morgan Stanley boosted its holdings in shares of Liquidity Services by 73.5% in the 2nd quarter. Morgan Stanley now owns 255,528 shares of the business services provider’s stock valued at $6,503,000 after purchasing an additional 108,246 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Liquidity Services in the 4th quarter valued at $1,914,000. Aviva PLC bought a new position in shares of Liquidity Services in the 3rd quarter valued at $1,492,000. Finally, Swiss National Bank bought a new position in shares of Liquidity Services in the 4th quarter valued at $1,378,000. 67.53% of the stock is currently owned by hedge funds and other institutional investors.

Liquidity Services Company Profile (Get Rating)

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services. It operates through four segments: Retail Supply Chain Group, Capital Assets Group, GovDeals, and Machinio. The company's 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.

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