Liquidity Services (NASDAQ:LQDT) was upgraded by equities researchers at Barrington Research from a “market perform” rating to an “outperform” rating in a research report issued on Thursday, The Fly reports.
Separately, Zacks Investment Research upgraded Liquidity Services from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th.
Shares of Liquidity Services (NASDAQ LQDT) traded up $1.70 during trading on Thursday, reaching $6.50. The company had a trading volume of 698,859 shares, compared to its average volume of 149,722. Liquidity Services has a 12 month low of $4.34 and a 12 month high of $9.95. The stock has a market cap of $153.29, a PE ratio of -5.08 and a beta of 0.89.
A number of institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in Liquidity Services during the 4th quarter valued at about $105,000. 22NW LP boosted its holdings in Liquidity Services by 86.5% during the 3rd quarter. 22NW LP now owns 38,592 shares of the business services provider’s stock valued at $228,000 after acquiring an additional 17,900 shares during the period. Roumell Asset Management LLC boosted its holdings in Liquidity Services by 39.9% during the 3rd quarter. Roumell Asset Management LLC now owns 875,871 shares of the business services provider’s stock valued at $5,168,000 after acquiring an additional 249,611 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Liquidity Services by 15.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,038,515 shares of the business services provider’s stock valued at $6,127,000 after acquiring an additional 135,532 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Liquidity Services by 43.0% during the 3rd quarter. Wells Fargo & Company MN now owns 34,415 shares of the business services provider’s stock valued at $203,000 after acquiring an additional 10,352 shares during the period. Institutional investors own 65.89% of the company’s stock.
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About Liquidity Services
Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.
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