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
Some better-ranked stocks in the services sector include Ritchie Bros. Auctioneers Incorporated
) and The Kroger Co.
). All these stocks hold a Zacks Rank #2 (Buy).
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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 reportLIQUIDITY SVCS (LQDT): Free Stock Analysis ReportRITCHIE BROS (RBA): Free Stock Analysis ReportSOTHEBYS (BID): Free Stock Analysis ReportKROGER CO (KR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research