Heritage Global Inc. (NASDAQ:HGBL – Get Free Report) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 28,700 shares, a decline of 60.7% from the February 13th total of 73,000 shares. Based on an average daily volume of 65,900 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.
Heritage Global Stock Performance
HGBL stock traded up $0.27 during midday trading on Friday, hitting $2.36. 408,747 shares of the company’s stock were exchanged, compared to its average volume of 75,906. Heritage Global has a one year low of $1.52 and a one year high of $3.02. The stock’s fifty day moving average price is $2.11 and its 200-day moving average price is $1.83. The company has a market cap of $88.12 million, a PE ratio of 8.43 and a beta of 1.22.
Heritage Global (NASDAQ:HGBL – Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.06). Heritage Global had a net margin of 20.60% and a return on equity of 16.05%. The business had revenue of $10.77 million for the quarter, compared to the consensus estimate of $12.30 million.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Separately, Lake Street Capital cut their target price on shares of Heritage Global from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday.
Get Our Latest Research Report on Heritage Global
About Heritage Global
Heritage Global Inc, together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company operates in three segments: Auction and Liquidation, Refurbishment & Resale, and Brokerage. It provides a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services.
Read More
- Five stocks we like better than Heritage Global
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- 3 Small Caps With Big Return Potential
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- What does consumer price index measure?
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for Heritage Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Global and related companies with MarketBeat.com's FREE daily email newsletter.