Liquidity Services Inc (LQDT) Files Form 4 Insider Selling : James M Rallo Sells 3,054 Shares

Liquidity Services Inc (LQDT): James M Rallo , President RSCG of Liquidity Services Inc sold 3,054 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were sold at $7.92 per share for a total value of $24,187.68 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 5, 2016, William P Iii Angrick (director officer 10% owner (Chairman of the Board) sold 6,167 shares at $5.13 per share price.On Apr 5, 2016, James M Rallo (President RSCG) sold 7,716 shares at $5.13 per share price.Also, 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.

Shares of Liquidity Services (LQDT) ended Friday, Jul 1, 2016 session in red amid volatile trading. The shares closed down -0.05 points or -0.64% at $7.79 with 3,39,119 shares getting traded. Post opening the session at $7.87, the shares hit an intraday low of $7.76 and an intraday high of $8.15 and the price vacillated in this range throughout the day. The company has a market cap of $239 M and the number of outstanding shares has been calculated to be 3,07,26,554 shares. The 52-week high of Liquidity Services is $9.89 and the 52-week low is $4.42.

Liquidity Services Money Flow Index Chart

Company has been under the radar of several Street Analysts.Liquidity Services is Reiterated by The Benchmark Company to Hold and the brokerage firm has raised the Price Target to $ 6.50 from a previous price target of $5.50 .The Rating was issued on May 6, 2016.

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 Company’s 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. It’s online auction marketplaces are and It also operates a wholesale industry portal that connects advertisers with buyers seeking products for resale and related business services. In July 2012 the Company acquired GoIndustry-DoveBid plc.

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