Liquidity Services (NASDAQ:LQDT)‘s stock had its “outperform” rating reaffirmed by equities researchers at Barrington Research in a research report issued on Monday, AnalystRatings.com reports. They currently have a $10.00 target price on the business services provider’s stock. Barrington Research’s price objective indicates a potential upside of 51.98% from the company’s current price.
Several other research firms have also recently commented on LQDT. Zacks Investment Research cut shares of Liquidity Services from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. ValuEngine cut Liquidity Services from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, BidaskClub lowered Liquidity Services from a “buy” rating to a “hold” rating in a report on Saturday, September 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Liquidity Services currently has an average rating of “Hold” and a consensus target price of $8.63.
Liquidity Services stock opened at $6.58 on Monday. The business has a 50 day simple moving average of $6.63 and a 200-day simple moving average of $6.61. Liquidity Services has a 12 month low of $5.49 and a 12 month high of $9.16. The stock has a market capitalization of $225.80 million, a PE ratio of -13.16 and a beta of 1.10.
Liquidity Services Company Profile
Liquidity Services, Inc provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment offering approximately 500 product categories. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govdeals.com that enables local and state government entities, including city, county, and state agencies to sell surplus and salvage assets, as well as offers a suite of services that includes asset sales and marketing, and seller self-service; and auctiondeals.com, a self-service solution, which enable sellers list their own assets, and enable commercial businesses to sell surplus and salvage assets.
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