News stories about Liquidity Services (NASDAQ:LQDT) have been trending positive this week, AlphaOne reports. AlphaOne, a service of Accern, scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Liquidity Services earned a news impact score of 0.35 on AlphaOne’s scale. AlphaOne also gave headlines about the business services provider an impact score of 47 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Liquidity Services (LQDT) traded down 2.29% on Friday, hitting $6.40. 219,180 shares of the stock traded hands. The stock has a 50-day moving average price of $6.84 and a 200 day moving average price of $8.31. Liquidity Services has a 12-month low of $6.15 and a 12-month high of $11.49. The stock’s market cap is $201.50 million.
Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings results on Thursday, May 4th. The business services provider reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.07. Liquidity Services had a negative return on equity of 10.82% and a negative net margin of 22.99%. The company had revenue of $72.33 million for the quarter, compared to the consensus estimate of $81.14 million. During the same quarter last year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was down 16.7% compared to the same quarter last year. On average, analysts anticipate that Liquidity Services will post ($0.81) earnings per share for the current fiscal year.
Several brokerages have recently weighed in on LQDT. ValuEngine upgraded shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded shares of Liquidity Services from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th.
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In other Liquidity Services news, VP Michael E. Sweeney sold 3,500 shares of the stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $7.61, for a total transaction of $26,635.00. Following the transaction, the vice president now owns 3,500 shares in the company, valued at $26,635. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James M. Rallo sold 7,717 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $7.61, for a total value of $58,726.37. Following the transaction, the insider now owns 7,717 shares in the company, valued at approximately $58,726.37. The disclosure for this sale can be found here. Company insiders own 22.30% of the company’s stock.
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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