Liquidity Services (NASDAQ:LQDT) Shares Down 4% – Here’s What Happened

Liquidity Services, Inc. (NASDAQ:LQDT)’s share price fell 4% during mid-day trading on Monday . The stock traded as low as $34.10 and last traded at $34.13. 91,095 shares were traded during mid-day trading, a decline of 29% from the average session volume of 128,011 shares. The stock had previously closed at $35.54.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Craig Hallum increased their target price on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday. Barrington Research restated an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a research note on Tuesday, December 10th. Finally, StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday.

Liquidity Services Stock Down 6.9 %

The company has a fifty day simple moving average of $24.18 and a 200-day simple moving average of $22.17. The firm has a market cap of $1.01 billion, a P/E ratio of 52.22 and a beta of 1.42.

Institutional Trading of Liquidity Services

A number of large investors have recently added to or reduced their stakes in LQDT. Access Investment Management LLC lifted its position in Liquidity Services by 81.7% during the second quarter. Access Investment Management LLC now owns 82,335 shares of the business services provider’s stock valued at $1,645,000 after purchasing an additional 37,010 shares during the last quarter. Panagora Asset Management Inc. grew its position in Liquidity Services by 14.6% in the second quarter. Panagora Asset Management Inc. now owns 122,404 shares of the business services provider’s stock worth $2,446,000 after acquiring an additional 15,592 shares in the last quarter. Victory Capital Management Inc. increased its stake in Liquidity Services by 6.9% during the second quarter. Victory Capital Management Inc. now owns 57,606 shares of the business services provider’s stock worth $1,151,000 after acquiring an additional 3,700 shares during the last quarter. Acadian Asset Management LLC raised its position in Liquidity Services by 15.7% during the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock valued at $10,060,000 after purchasing an additional 68,407 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Liquidity Services in the 2nd quarter valued at approximately $87,000. Institutional investors own 71.15% of the company’s stock.

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.