Back to top

Liquidity Services Slumps: LQDT Tanks 12.7% in Session
July 11, 2014

Read MoreHide Full Article
Liquidity Services, Inc. (LQDT) saw a big move last session, as the company’s shares fell nearly 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for LQDT, as the stock is now down 18.4% in the past one-month time frame.

The company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks. There has been no estimate revision on either side. However, the consensus estimate trend has gone down. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

LQDT currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the services sector include Ritchie Bros. Auctioneers Incorporated (RBA - Free Report) , Sotheby's (BID - Free Report) and The Kroger Co. (KR - Free Report) . All these stocks hold a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

More from Zacks Tale of the Tape

You May Like