Liquidity Services (NASDAQ:LQDT) Share Price Crosses Above 200 Day Moving Average - Here's Why

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.27 and traded as high as $25.45. Liquidity Services shares last traded at $25.00, with a volume of 176,563 shares changing hands.

Analyst Ratings Changes

Separately, Barrington Research restated an "outperform" rating and issued a $27.00 price objective on shares of Liquidity Services in a report on Monday, August 26th.

Liquidity Services Price Performance

The firm has a market cap of $768.75 million, a P/E ratio of 39.97 and a beta of 1.39. The business's 50-day moving average is $22.89 and its two-hundred day moving average is $21.30.

Insider Activity

In other news, EVP John Daunt sold 7,403 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $21.26, for a total value of $157,387.78. Following the completion of the transaction, the executive vice president now directly owns 43,309 shares in the company, valued at approximately $920,749.34. The trade was a 14.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jorge Celaya sold 3,248 shares of Liquidity Services stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $21.51, for a total transaction of $69,864.48. Following the sale, the chief financial officer now directly owns 51,988 shares in the company, valued at $1,118,261.88. This trade represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,203 shares of company stock valued at $2,722,058 in the last quarter. Company insiders own 29.77% of the company's stock.

Institutional Investors Weigh In On Liquidity Services

A number of institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new position in Liquidity Services during the third quarter worth $48,000. GAMMA Investing LLC boosted its stake in Liquidity Services by 19.2% during 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 in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Liquidity Services during the second quarter worth $87,000. Centiva Capital LP bought a new position in Liquidity Services during the third quarter worth $260,000. Finally, SG Americas Securities LLC bought a new position in Liquidity Services during the third quarter worth $298,000. 71.15% of the stock is owned by institutional investors.

Liquidity Services Company Profile

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.