Stock to Watch: Liquidity Services Inc. (NASDAQ: LQDT) – News Description

Stock to Watch: Liquidity Services Inc. (NASDAQ: LQDT)

BETHESDA, Md., September 28, 2019 – Shares of Liquidity Services Inc. (NASDAQ: LQDT) showed the bearish trend with a lower momentum of -0.80% to $7.41. The company traded total volume of 87.595K shares as contrast to its average volume of 80.43K shares. The company has a market value of $258.31M and about 34.86M shares outstanding.

Liquidity Services (NASDAQ: LQDT) reported a loss of $4.40M in its fiscal second quarter. On a per-share basis, the Bethesda, Maryland-based company said it had a loss of 13 cents. Losses, adjusted for non-recurring costs, came to 2 cents per share. The surplus equipment company posted revenue of $37.40M in the period. For the current quarter ending in July, Liquidity Services anticipates its results to range from a loss of 12 cents per share to a loss of 5 cents per share.

The Company offered net profit margin of -6.80% while its gross profit margin was 54.90%. ROE was recorded as -12.00% while beta factor was 1.05. The stock, as of recent close, has shown the weekly downbeat performance of -1.07% which was maintained at 20.10% in this year.

About the Author

Charles Gibbs
Charles Gibbs
I am Charles Gibbs and I focus on breaking news stories and ensuring we (“News Description”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for News Description specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 577 Mudlick Road Pasco, WA 99301, USA Phone: (+1) 509-542-0261 Email: [email protected]

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