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Liquidity Services (NASDAQ:LQDT) Shares Pass Above 200 Day Moving Average of $16.39

Defense World · Sep 20, 2022 02:31

Liquidity Services, Inc. (NASDAQ:LQDT – Get Rating)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.39 and traded as high as $16.47. Liquidity Services shares last traded at $16.24, with a volume of 113,624 shares.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com raised Liquidity Services from a "hold" rating to a "buy" rating in a report on Saturday, September 3rd. Craig Hallum initiated coverage on Liquidity Services in a report on Monday, June 27th. They issued a "buy" rating and a $28.00 target price on the stock. Finally, TheStreet cut Liquidity Services from a "b-" rating to a "c+" rating in a report on Friday, June 24th.

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Liquidity Services Stock Down 1.0 %

The stock has a fifty day simple moving average of $18.21 and a 200 day simple moving average of $16.39. The firm has a market capitalization of $577.75 million, a P/E ratio of 8.64 and a beta of 1.41.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, CEO William P. Angrick III sold 19,224 shares of the firm's stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $18.00, for a total transaction of $346,032.00. Following the sale, the chief executive officer now directly owns 5,458,123 shares of the company's stock, valued at $98,246,214. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Edward Kolodzieski sold 7,915 shares of the firm's stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $22.40, for a total transaction of $177,296.00. Following the completion of the transaction, the director now owns 53,396 shares in the company, valued at $1,196,070.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William P. Angrick III sold 19,224 shares of the firm's stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $18.00, for a total value of $346,032.00. Following the transaction, the chief executive officer now owns 5,458,123 shares of the company's stock, valued at approximately $98,246,214. The disclosure for this sale can be found here. Insiders have sold a total of 150,173 shares of company stock valued at $2,866,198 over the last ninety days. 29.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Northern Trust Corp grew its position in Liquidity Services by 5.7% in the fourth quarter. Northern Trust Corp now owns 296,154 shares of the business services provider's stock worth $6,539,000 after acquiring an additional 15,897 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Liquidity Services in the fourth quarter worth about $325,000. Alpha Paradigm Partners LLC purchased a new position in Liquidity Services in the fourth quarter worth about $447,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Liquidity Services in the fourth quarter worth about $65,000. Finally, Capital Impact Advisors LLC purchased a new position in Liquidity Services in the fourth quarter worth about $495,000. Hedge funds and other institutional investors own 66.03% of the company's stock.

Liquidity Services Company Profile

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Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services. It operates through four segments: Retail Supply Chain Group, Capital Assets Group, GovDeals, and Machinio. The company's 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.