Liquidity Services (NASDAQ:LQDT) had its price objective lowered by Deutsche Bank from $35.00 to $32.00 in a report released on Friday, StockRatingsNetwork.com reports.
Deutsche Bank has also updated their ratings on a number of other information technology stocks in the last week. The firm lowered its price target on shares of Demand Media Inc. from $10.00 to $5.00. They have a hold rating on that stock. Also, Deutsche Bank lowered its price target on shares of AOL Inc from $44.00 to $42.00.
Liquidity Services (NASDAQ:LQDT) traded up 0.59% on Friday, hitting $30.81. Liquidity Services has a 52-week low of $27.26 and a 52-week high of $57.42. The stock’s 50-day moving average is currently $31.19. The company has a market cap of $976.5 million and a price-to-earnings ratio of 27.59.
A number of other firms have also recently commented on LQDT. Analysts at RBC Capital cut their price target on shares of Liquidity Services from $40.00 to $31.00 in a research note to investors on Thursday, August 8th. Finally, analysts at Benchmark Co. cut their price target on shares of Liquidity Services from $47.00 to $40.00 in a research note to investors on Tuesday, August 6th. They now have a buy rating on the stock.
Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $34.41.
Liquidity Services, Inc is an auction marketplace for surplus and salvage assets. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.
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