Liquidity Services Slumps: LQDT Tanks 12.7% in Session - Tale of the Tape
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 ), Sotheby's ( BID ) and The Kroger Co. ( KR ). All these stocks hold a Zacks Rank #2 (Buy).
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LIQUIDITY SVCS (LQDT): Free Stock Analysis Report
RITCHIE BROS (RBA): Free Stock Analysis Report
SOTHEBYS (BID): Free Stock Analysis Report
KROGER CO (KR): Free Stock Analysis Report
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