Liquidity Services (NASDAQ:LQDT) traded today at a new 52-week low of $6.81. So far today approximately 374,000 shares have been exchanged, as compared to an average 30-day volume of 421,000 shares.
Liquidity Services has overhead space with shares priced $6.87, or 31.3% below the average consensus analyst price target of $10.00. Liquidity Services shares should first meet resistance at the 50-day moving average (MA) of $8.13 and find additional resistance at the 200-day MA of $9.00.
Liquidity Services Inc. provides full service solutions to market and sell surplus assets and wholesale goods.
Over the past year, Liquidity Serviceshas traded in a range of $6.81 to $14.60 and are now at $6.87. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 2.6%.