Liquidity Services (NASDAQ:LQDT) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Liquidity Services, Inc. (NASDAQ:LQDT) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.22 and traded as high as $22.59. Liquidity Services shares last traded at $22.50, with a volume of 53,394 shares traded.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research note on Monday, August 26th.

Liquidity Services Trading Up 2.9 %

The company has a market capitalization of $686.93 million, a price-to-earnings ratio of 35.71 and a beta of 1.38. The company has a 50-day moving average of $22.05 and a 200-day moving average of $20.24.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The business had revenue of $93.61 million for the quarter. Liquidity Services had a net margin of 5.91% and a return on equity of 18.47%. During the same quarter in the previous year, the company posted $0.28 EPS.

Insiders Place Their Bets

In other news, CFO Jorge Celaya sold 10,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $22.03, for a total value of $220,300.00. Following the sale, the chief financial officer now directly owns 52,407 shares of the company’s stock, valued at $1,154,526.21. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Liquidity Services news, EVP John Daunt sold 7,403 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $21.26, for a total value of $157,387.78. Following the sale, the executive vice president now owns 43,309 shares in the company, valued at approximately $920,749.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jorge Celaya sold 10,000 shares of Liquidity Services stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $22.03, for a total transaction of $220,300.00. Following the transaction, the chief financial officer now directly owns 52,407 shares of the company’s stock, valued at approximately $1,154,526.21. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 157,345 shares of company stock valued at $3,462,918. 29.77% of the stock is owned by insiders.

Institutional Trading of Liquidity Services

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Liquidity Services by 19.2% in the second quarter. GAMMA Investing LLC now owns 3,357 shares of the business services provider’s stock worth $67,000 after acquiring an additional 540 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Liquidity Services in the 2nd quarter valued at about $87,000. Jupiter Asset Management Ltd. acquired a new position in Liquidity Services in the 1st quarter worth about $202,000. SG Americas Securities LLC purchased a new position in Liquidity Services during the third quarter worth approximately $298,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Liquidity Services by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,894 shares of the business services provider’s stock valued at $389,000 after purchasing an additional 870 shares during the period. 71.15% of the stock is owned by hedge funds and other institutional investors.

About Liquidity Services

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.