Heritage Global (NASDAQ:HGBL – Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06), Zacks reports. The business had revenue of $10.77 million during the quarter, compared to the consensus estimate of $12.30 million. Heritage Global had a return on equity of 16.05% and a net margin of 20.60%.
Heritage Global Trading Up 12.9 %
Shares of Heritage Global stock opened at $2.36 on Friday. The stock has a 50 day moving average of $2.11 and a 200 day moving average of $1.83. Heritage Global has a 12 month low of $1.52 and a 12 month high of $3.02. The firm has a market cap of $88.12 million, a PE ratio of 8.43 and a beta of 1.22.
Analyst Ratings Changes
Separately, Lake Street Capital dropped their price target on Heritage Global from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday.
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.
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