Liquidity Services (NASDAQ:LQDT) Reaches New 52-Week High at $21.23

Shares of Liquidity Services, Inc. (NASDAQ:LQDT) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.23 and last traded at $21.19, with a volume of 7535 shares traded. The stock had previously closed at $20.95.

Analyst Upgrades and Downgrades

LQDT has been the subject of a number of research reports. StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 13th. Barrington Research reiterated an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a report on Tuesday, May 28th.

Liquidity Services Stock Up 2.1 %

The stock has a market capitalization of $657.45 million, a PE ratio of 33.19 and a beta of 1.35. The stock has a fifty day moving average of $19.78 and a 200-day moving average of $18.39.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $91.45 million during the quarter. Liquidity Services had a return on equity of 18.51% and a net margin of 6.30%. During the same period last year, the firm earned $0.20 earnings per share.

Institutional Trading of Liquidity Services

A number of institutional investors have recently bought and sold shares of LQDT. Pacer Advisors Inc. lifted its holdings in Liquidity Services by 72.6% during the 4th quarter. Pacer Advisors Inc. now owns 548,550 shares of the business services provider’s stock worth $9,441,000 after buying an additional 230,755 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Liquidity Services by 119.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 232,170 shares of the business services provider’s stock worth $3,996,000 after purchasing an additional 126,156 shares in the last quarter. Values First Advisors Inc. increased its position in shares of Liquidity Services by 3.4% during the fourth quarter. Values First Advisors Inc. now owns 43,768 shares of the business services provider’s stock worth $753,000 after purchasing an additional 1,446 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Liquidity Services during the fourth quarter worth about $193,000. Finally, Strs Ohio acquired a new stake in shares of Liquidity Services during the fourth quarter worth about $552,000. 71.15% of the stock is owned by hedge funds and other institutional investors.

About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.