Live Ventures Incorporated (LIVE) Announces Quarterly Earnings Results
Live Ventures Incorporated (NASDAQ:LIVE) issued its earnings results on Thursday. The information services provider reported $0.55 earnings per share for the quarter, Morningstar.com reports. The company had revenue of $41.38 million during the quarter. Live Ventures had a return on equity of 31.55% and a net margin of 17.96%.
Live Ventures (NASDAQ:LIVE) traded down 4.16% during midday trading on Friday, reaching $11.05. The company’s stock had a trading volume of 31,317 shares. Live Ventures has a 12-month low of $1.65 and a 12-month high of $32.98. The company’s 50-day moving average is $10.79 and its 200 day moving average is $13.76.
An institutional investor recently raised its position in Live Ventures stock. Sigma Planning Corp raised its stake in shares of Live Ventures Incorporated (NASDAQ:LIVE) by 19.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,441 shares of the information services provider’s stock after buying an additional 2,342 shares during the period. Sigma Planning Corp’s holdings in Live Ventures were worth $149,000 at the end of the most recent reporting period. Institutional investors own 7.07% of the company’s stock.
Separately, ValuEngine cut Live Ventures from a “hold” rating to a “sell” rating in a report on Tuesday.
Live Ventures Company Profile
Live Ventures Incorporated is a holding company for diversified businesses. The Company’s segments include Manufacturing Segment, Marketplace Platform Segment and Services Segment. The Manufacturing Segment consists of Marquis Industries, Inc The Marketplace Platform segment consists of livedeal.com and Modern Everyday, Inc The Services Segment consists of the local exchange carrier billings business and velocity local.
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