Liquidity Services’ (LQDT) Outperform Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Liquidity Services (NASDAQ:LQDT) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $27.00 price objective on the business services provider’s stock.

Liquidity Services Stock Performance

Shares of LQDT opened at $33.66 on Tuesday. Liquidity Services has a one year low of $13.99 and a one year high of $34.89. The stock has a 50-day moving average price of $23.91 and a 200 day moving average price of $22.02. The company has a market capitalization of $1.03 billion, a P/E ratio of 53.43 and a beta of 1.42.

Institutional Trading of Liquidity Services

Institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new stake in shares of Liquidity Services in the 3rd quarter worth about $48,000. Ashton Thomas Private Wealth LLC acquired a new position in Liquidity Services in the second quarter worth about $87,000. GAMMA Investing LLC increased its holdings in Liquidity Services by 29.9% in the third quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock valued at $99,000 after buying an additional 1,005 shares during the last quarter. Centiva Capital LP acquired a new stake in Liquidity Services during the third quarter valued at approximately $260,000. Finally, SG Americas Securities LLC bought a new position in Liquidity Services during the 3rd quarter worth approximately $298,000. 71.15% of the stock is 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.