Liquidity Services (NASDAQ:LQDT) was upgraded by equities researchers at Barrington Research from a “market perform” rating to an “outperform” rating in a report released on Thursday, The Fly reports.
Separately, Zacks Investment Research raised shares of Liquidity Services from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th.
Liquidity Services (NASDAQ LQDT) traded up $1.50 on Thursday, hitting $6.30. 610,106 shares of the company were exchanged, compared to its average volume of 143,547. The stock has a market capitalization of $153.29, a P/E ratio of -5.08 and a beta of 0.89. Liquidity Services has a one year low of $4.34 and a one year high of $9.95.
A number of large investors have recently modified their holdings of LQDT. SG Americas Securities LLC purchased a new position in Liquidity Services during the fourth quarter valued at approximately $105,000. Wells Fargo & Company MN lifted its holdings in Liquidity Services by 43.0% during the third quarter. Wells Fargo & Company MN now owns 34,415 shares of the business services provider’s stock valued at $203,000 after purchasing an additional 10,352 shares in the last quarter. 22NW LP lifted its holdings in Liquidity Services by 86.5% during the third quarter. 22NW LP now owns 38,592 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 17,900 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Liquidity Services by 5.4% during the second quarter. Teachers Advisors LLC now owns 42,038 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 2,172 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Liquidity Services by 9.1% during the second quarter. Legal & General Group Plc now owns 43,938 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 3,657 shares in the last quarter. 65.89% of the stock is currently owned by institutional investors and hedge funds.
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About Liquidity Services
Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.
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