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Recent 52-Week Low Surpassed in Shares of Liquidity Services (LQDT)

Published on Thu, 01/31/2013 - 15:13
By Peter Chu

Liquidity Services (NASDAQ:LQDT) traded today at a new 52-week low of $29.30. So far today approximately 6.4 million shares have been exchanged, as compared to an average 30-day volume of 513,000 shares.

Liquidity Services Inc. provides full service solutions to market and sell surplus assets and wholesale goods.

In the past 52 weeks, shares of Liquidity Services have traded between the current low of $29.30 and a high of $66.57 and are now at $30.90. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.2%.

Liquidity Services (NASDAQ:LQDT) has potential upside of 88.0% based on a current price of $30.90 and analysts' consensus price target of $58.10. The stock should run into initial resistance at its 50-day moving average (MA) of $40.48 and subsequent resistance at its 200-day MA of $47.32.

By Peter Chu
pchu@fnno.com