ValuEngine Lowers Liquidity Services (LQDT) to Strong Sell

Liquidity Services (NASDAQ:LQDT) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Thursday.

Separately, Barrington Research raised shares of Liquidity Services from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 1st.

Shares of Liquidity Services (NASDAQ:LQDT) traded down $0.25 during mid-day trading on Thursday, hitting $6.45. 369,561 shares of the stock traded hands, compared to its average volume of 184,536. Liquidity Services has a 1 year low of $4.34 and a 1 year high of $9.10.

Liquidity Services (NASDAQ:LQDT) last posted its earnings results on Thursday, February 1st. The business services provider reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.19. Liquidity Services had a negative net margin of 12.29% and a negative return on equity of 20.43%. The company had revenue of $61.14 million for the quarter, compared to analysts’ expectations of $65.42 million. During the same quarter in the prior year, the company posted ($0.22) earnings per share. Liquidity Services’s revenue for the quarter was down 13.6% compared to the same quarter last year. analysts expect that Liquidity Services will post -0.46 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Staley Capital Advisers Inc. lifted its position in Liquidity Services by 2.0% in the third quarter. Staley Capital Advisers Inc. now owns 2,575,000 shares of the business services provider’s stock valued at $15,192,000 after buying an additional 50,000 shares during the last quarter. Renaissance Technologies LLC lifted its position in Liquidity Services by 22.0% in the second quarter. Renaissance Technologies LLC now owns 1,981,239 shares of the business services provider’s stock valued at $12,581,000 after buying an additional 357,240 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Liquidity Services by 15.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,038,515 shares of the business services provider’s stock valued at $6,127,000 after buying an additional 135,532 shares during the last quarter. Roumell Asset Management LLC lifted its position in Liquidity Services by 39.9% in the third quarter. Roumell Asset Management LLC now owns 875,871 shares of the business services provider’s stock valued at $5,168,000 after buying an additional 249,611 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Liquidity Services by 4.8% in the second quarter. Northern Trust Corp now owns 347,062 shares of the business services provider’s stock valued at $2,204,000 after buying an additional 15,912 shares during the last quarter. 65.95% of the stock is currently owned by institutional investors.

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Liquidity Services Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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