Liquidity Services (LQDT) was Reiterated by The Benchmark Company to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 6.50 from a previous price target of $5.50 . The Benchmark Company advised their investors in a research report released on May 6, 2016.
On the company’s financial health, Liquidity Services reported $0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.07. The company had revenue of $86.90 million for the quarter, compared to analysts expectations of $69.84 million. The company’s revenue was down -15.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.
Liquidity Services opened for trading at $5.86 and hit $6.36 on the upside on Friday, eventually ending the session at $6.05, with a gain of 3.24% or 0.19 points. The heightened volatility saw the trading volume jump to 2,04,494 shares. Company has a market cap of $185 M.
In a different news, on Apr 5, 2016, James M Rallo (President RSCG) sold 7,716 shares at $5.13 per share price. According to the SEC, on Nov 30, 2015, Jaime Mateus-tique (director) purchased 100,000 shares at $6.75 per share price. On Nov 5, 2015, Gardner H Dudley (Pres, Capital Assets Group) sold 11,054 shares at $8.31 per share price, according to the Form-4 filing with the securities and exchange commission.
Liquidity Services Inc. is an auction marketplace for surplus and salvage assets. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories. The Companys marketplaces provide professional buyers access to a global organized supply of surplus and salvage assets presented with digital images and other relevant product information. It organizes its products into categories across industry verticals such as consumer electronics general merchandise apparel scientific equipment aerospace parts and equipment technology hardware and specialty equipment. Its online auction marketplaces are www.liquidation.com www.govliquidation.com www.govdeals.com and www.liquibiz.com. It also operates a wholesale industry portal www.goWholesale.com that connects advertisers with buyers seeking products for resale and related business services. In July 2012 the Company acquired GoIndustry-DoveBid plc.