Liquidity Services Sees Losses Widen
The retail industry has experienced tough times lately, and even some niche areas of the sector have faced challenges. Liquidity Services (NASDAQ: LQDT) specializes in selling surplus inventory for its corporate and government clients, and it has gone through a significant transformation as it attempts to transition away from heavy reliance on the Defense Department toward a broader client base. Those measures have seen mixed results, as Liquidity Services has seen falling revenue throughout much of 2017.
Coming into Tuesday's fiscal fourth-quarter financial report, Liquidity Services investors expected that the company would continue to see sales fall, putting pressure on its bottom line. Liquidity Services ended up losing more money than anticipated, and although the company has hope for a better fiscal year ahead, shareholders seem less than convinced with its long-term strategic plan. Let's take a closer look at Liquidity Services and what its latest results say about its prospects.
Image source: Liquidity Services.
Source: Fool.com
Liquidity Services Stock
With 10 Buy predictions and not the single Sell prediction the community is currently very high on Liquidity Services.
As a result the target price of 25 € shows a positive potential of 29.53% compared to the current price of 19.3 € for Liquidity Services.
