Liquidity Services (NASDAQ:LQDT) Reaches New 12-Month High – What’s Next?

Liquidity Services, Inc. (NASDAQ:LQDT)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $26.24 and last traded at $25.93, with a volume of 218369 shares trading hands. The stock had previously closed at $25.15.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a research note on Tuesday.

Liquidity Services Trading Up 2.4 %

The firm has a 50 day moving average price of $23.61 and a 200-day moving average price of $21.91. The firm has a market cap of $786.20 million, a PE ratio of 39.92 and a beta of 1.42.

Insider Buying and Selling

In other news, CFO Jorge Celaya sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $22.03, for a total transaction of $220,300.00. Following the completion of the transaction, the chief financial officer now directly owns 52,407 shares of the company’s stock, valued at $1,154,526.21. This trade represents a 16.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 29.77% of the company’s stock.

Institutional Trading of Liquidity Services

Several large investors have recently added to or reduced their stakes in LQDT. nVerses Capital LLC bought a new position in shares of Liquidity Services during the third quarter valued at approximately $48,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Liquidity Services during the second quarter worth $87,000. GAMMA Investing LLC grew its position in Liquidity Services by 29.9% in the third quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after acquiring an additional 1,005 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Liquidity Services in the third quarter worth $260,000. Finally, SG Americas Securities LLC bought a new stake in Liquidity Services during the 3rd quarter valued at approximately $298,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.

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.