Liquidity Services (NASDAQ:LQDT) Lowered to “Buy” Rating by StockNews.com

Liquidity Services (NASDAQ:LQDT) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

Other research analysts have also issued reports about the company. Barrington Research reiterated an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a research note on Tuesday. Craig Hallum increased their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday.

Liquidity Services Trading Up 5.6 %

NASDAQ:LQDT traded up $1.88 during mid-day trading on Friday, hitting $35.54. The company’s stock had a trading volume of 1,009,318 shares, compared to its average volume of 128,247. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 56.41 and a beta of 1.42. Liquidity Services has a fifty-two week low of $13.99 and a fifty-two week high of $35.80. The stock has a fifty day moving average of $24.18 and a 200-day moving average of $22.13.

Institutional Investors Weigh In On Liquidity Services

A number of hedge funds and other institutional investors have recently bought and sold shares of LQDT. nVerses Capital LLC acquired a new stake in Liquidity Services in the 3rd quarter valued at about $48,000. GAMMA Investing LLC increased its holdings in shares of Liquidity Services by 29.9% in the third quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 1,005 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Liquidity Services in the 2nd quarter worth approximately $87,000. Centiva Capital LP bought a new position in Liquidity Services in the 3rd quarter worth approximately $260,000. Finally, SG Americas Securities LLC acquired a new position in Liquidity Services during the 3rd quarter worth $298,000. 71.15% of the stock is owned by institutional investors and hedge funds.

Liquidity Services Company Profile

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.