Liquidity Services (NASDAQ:LQDT) Hits New 52-Week High at $22.32

Liquidity Services, Inc. (NASDAQ:LQDT) shares hit a new 52-week high on Monday . The company traded as high as $22.32 and last traded at $22.24, with a volume of 2507 shares changing hands. The stock had previously closed at $22.25.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barrington Research reaffirmed an “outperform” rating and issued a $27.00 price objective on shares of Liquidity Services in a report on Tuesday, May 28th. StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Monday, May 13th.

Liquidity Services Stock Performance

The stock’s 50-day moving average price is $19.83 and its 200-day moving average price is $18.44. The company has a market capitalization of $681.53 million, a price-to-earnings ratio of 34.23 and a beta of 1.35.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Liquidity Services had a net margin of 6.30% and a return on equity of 18.51%. The company had revenue of $91.45 million during the quarter. During the same quarter in the previous year, the business posted $0.20 earnings per share.

Institutional Investors Weigh In On Liquidity Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. Access Investment Management LLC acquired a new stake in shares of Liquidity Services during the 4th quarter valued at approximately $775,000. Acadian Asset Management LLC raised its position in shares of Liquidity Services by 7.2% during the 1st quarter. Acadian Asset Management LLC now owns 435,193 shares of the business services provider’s stock worth $8,089,000 after purchasing an additional 29,070 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Liquidity Services by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 419,600 shares of the business services provider’s stock worth $7,221,000 after purchasing an additional 4,100 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Liquidity Services during the 4th quarter worth approximately $900,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Liquidity Services by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,140,649 shares of the business services provider’s stock worth $19,630,000 after purchasing an additional 7,868 shares during the last quarter. 71.15% of the stock is currently 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.