Liquidity Services (NASDAQ:LQDT) Stock Passes Above 200-Day Moving Average of $18.11

Shares of Liquidity Services, Inc. (NASDAQ:LQDT) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $18.11 and traded as high as $20.01. Liquidity Services shares last traded at $19.51, with a volume of 83,291 shares trading hands.

Analyst Upgrades and Downgrades

LQDT has been the subject of a number of recent 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 reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research note on Tuesday, May 28th.

Liquidity Services Stock Performance

The business has a 50 day simple moving average of $19.43 and a 200-day simple moving average of $18.15. The firm has a market capitalization of $616.61 million, a price-to-earnings ratio of 31.12 and a beta of 1.35.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data 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. Liquidity Services had a return on equity of 18.51% and a net margin of 6.30%. The firm had revenue of $91.45 million during the quarter. During the same period in the previous year, the business posted $0.20 earnings per share.

Hedge Funds Weigh In On Liquidity Services

A number of hedge funds and other institutional investors have recently bought and sold shares of LQDT. Wellington Management Group LLP boosted its holdings in Liquidity Services by 7.0% during the 3rd quarter. Wellington Management Group LLP now owns 415,500 shares of the business services provider’s stock valued at $7,321,000 after acquiring an additional 27,200 shares during the period. North Star Investment Management Corp. boosted its holdings in Liquidity Services by 103.8% during the 4th quarter. North Star Investment Management Corp. now owns 173,175 shares of the business services provider’s stock valued at $2,980,000 after acquiring an additional 88,200 shares during the period. Mesirow Financial Investment Management Inc. boosted its holdings in Liquidity Services by 43.4% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 20,734 shares of the business services provider’s stock valued at $346,000 after acquiring an additional 6,277 shares during the period. Pacer Advisors Inc. boosted 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 valued at $9,441,000 after acquiring an additional 230,755 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Liquidity Services by 119.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 232,170 shares of the business services provider’s stock valued at $3,996,000 after acquiring an additional 126,156 shares during the period. 71.15% of the stock is currently 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.