Heritage Global (NASDAQ:HGBL - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.06), Zacks reports. The firm had revenue of $10.77 million during the quarter, compared to analyst estimates of $12.30 million. Heritage Global had a net margin of 20.60% and a return on equity of 16.05%.
Heritage Global Price Performance
HGBL traded up $0.01 during trading on Wednesday, reaching $2.31. The company had a trading volume of 17,084 shares, compared to its average volume of 75,610. The business's fifty day moving average price is $2.12 and its 200 day moving average price is $1.84. Heritage Global has a 12 month low of $1.52 and a 12 month high of $2.89. The company has a market cap of $86.26 million, a P/E ratio of 8.25 and a beta of 1.22.
Analysts Set New Price Targets
Separately, Lake Street Capital lowered their price target on Heritage Global from $5.00 to $4.00 and set a "buy" rating for the company in a report on Friday, March 14th.
Read Our Latest Stock Analysis on Heritage Global
About Heritage Global
(
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Heritage Global Inc, together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company operates in three segments: Auction and Liquidation, Refurbishment & Resale, and Brokerage. It provides a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services.
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