Liquidity Services Inc. Reaches New 12-Month Low at $26.57 (LQDT)
Liquidity Services (NASDAQ:LQDT)’s share price reached a new 52-week low during mid-day trading on Wednesday, StockRatingsNetwork.com reports. The stock traded as low as $26.57 and last traded at $26.82, with a volume of 782,761 shares traded. The stock had previously closed at $27.66.
LQDT has been the subject of a number of recent research reports. Analysts at Merrill Lynch downgraded shares of Liquidity Services from a “neutral” rating to an “underperform” rating in a research note to investors on Monday. Separately, analysts at Bank of America Corp. downgraded shares of Liquidity Services from a “buy” rating to an “underperform” rating in a research note to investors on Monday. They now have a $31.00 price target on the stock, down previously from $45.00. Finally, analysts at Zacks upgraded shares of Liquidity Services from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 17th. They now have a $36.80 price target on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Liquidity Services has a consensus rating of “Hold” and an average target price of $35.73.
Liquidity Services has a one year low of $27.26 and a one year high of $44.40. The stock’s 50-day moving average is $32.52 and its 200-day moving average is $32.91. The company has a market cap of $850.4 million and a price-to-earnings ratio of 24.92.
Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.00 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.51 by $0.51. On average, analysts predict that Liquidity Services will post $1.78 earnings per share for the current fiscal year.
Liquidity Services, Inc is an auction marketplace for surplus and salvage assets. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.
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