Heritage Global Inc. (NASDAQ:HGBL – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 16,500 shares, a decline of 15.4% from the September 30th total of 19,500 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 88,800 shares, the days-to-cover ratio is currently 0.2 days.
Heritage Global Stock Down 2.3 %
HGBL stock opened at $1.68 on Thursday. The stock has a market capitalization of $62.73 million, a P/E ratio of 5.60 and a beta of 1.19. The company has a current ratio of 1.99, a quick ratio of 1.76 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $1.68 and a 200-day moving average price of $2.12. Heritage Global has a 12 month low of $1.52 and a 12 month high of $3.53.
Heritage Global (NASDAQ:HGBL – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $12.02 million for the quarter. Heritage Global had a net margin of 20.29% and a return on equity of 19.14%.
Institutional Investors Weigh In On Heritage Global
Heritage Global Company Profile
Heritage Global Inc, together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company operates in three segments: Auction and Liquidation, Refurbishment & Resale, and Brokerage. It provides a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services.
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