Liquidity Services, Inc. (LQDT) saw a big move last session, as the company’s shares fell nearly 7% 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 over 16% since Oct 31, 2014.
The leading online auction service provider has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
LQDT currently has a Zacks Rank #3 (Hold).
Investors interested in the broader business services may consider better-ranked stocks like On Assignment Inc. (ASGN), Cross Country Healthcare, Inc. (CCRN) and CTPartners Executive Search Inc. (CTP). All these stocks carry a Zacks Rank #1 (Strong Buy).
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