Liquidity Services (NASDAQ:LQDT) Shares Down 4% - Time to Sell?

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) dropped 4% during trading on Monday . The company traded as low as $34.10 and last traded at $34.13. Approximately 91,095 shares changed hands during trading, a decline of 29% from the average daily volume of 128,011 shares. The stock had previously closed at $35.54.

Analysts Set New Price Targets

LQDT has been the subject of a number of research reports. StockNews.com lowered Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Friday. Barrington Research reiterated an "outperform" rating and set a $27.00 price target on shares of Liquidity Services in a report on Tuesday, December 10th. Finally, Craig Hallum lifted their price target on Liquidity Services from $28.00 to $37.00 and gave the company a "buy" rating in a report on Friday.

Liquidity Services Stock Performance

The stock has a 50 day moving average of $24.41 and a two-hundred day moving average of $22.27. The firm has a market capitalization of $1.02 billion, a P/E ratio of 52.87 and a beta of 1.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in shares of Liquidity Services in the 3rd quarter valued at $48,000. GAMMA Investing LLC increased its position in shares of Liquidity Services by 29.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider's stock worth $99,000 after purchasing an additional 1,005 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Liquidity Services during the 2nd quarter worth about $87,000. Centiva Capital LP bought a new stake in Liquidity Services during the 3rd quarter worth about $260,000. Finally, SG Americas Securities LLC bought a new position in Liquidity Services in the 3rd quarter valued at $298,000. Institutional investors own 71.15% of the company's stock.

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.