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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Liquidity Services, Inc.    LQDT

LIQUIDITY SERVICES, INC.

(LQDT)
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AllSurplus Marketplace Hosts No-Reserve Online Auction Featuring Energy, Transportation, Construction, Mining and Industrial Equipment Assets

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04/09/2020 | 01:24pm EDT

BETHESDA, Md., April 09, 2020 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a global solution provider in the reverse supply chain with the world’s largest marketplace for business surplus, is pleased to highlight its no-reserve auction event on its newest online auction marketplace, www.AllSurplus.com. Business buyers can find over 150 items listed for sale with no reserve, including energy, transportation, construction, mining and industrial equipment. All auction listings in the event close on April 16, 2020.

“The AllSurplus online auction marketplace helps our sellers quickly generate cash flow for idle assets and helps business buyers acquire assets they can put into production at a reduced cost,” said Jeff Morter, Director of Energy for Liquidity Services. “This no-reserve auction has a large variety of equipment and is perfect for buyers that need to lower their upfront costs on equipment while still finding the breadth of tools, vehicles, hardware, and heavy equipment necessary to run their business.”

Featured assets include:

  • 29 auction listings from Mears Group including backhoe loaders, excavators, dump trucks, crew cabs, digger trucks and box trucks located in Phoenix, AZ.
  • 26’ Hanko’s Vee Workboat with marine grade aluminum hull located in Pascagoula, MS.
  • 63 auction listings in Quintana, Texas for hardware supplies including flagging tape, Hilti tools, beam clamps, shackles, round slings, welding supplies, metal sheaves, rotary pumps, ladders and more.
  • 14 2009 Chevrolet Silverado 2500 HD Crew Cabs located in Deer Park, TX.

Interested buyers can view the items through the www.AllSurplus.com marketplace. For further questions, please contact Jeff Morter at jeff.morter@liquidityservices.com or 713-590-1458.

AllSurplus is Liquidity Services’ newest online marketplace for business surplus, ranging from heavy equipment to transportation assets and industrial machinery. AllSurplus is the smartest, fastest way to sell heavy equipment as sellers can directly launch and manage their listings in just days with more control and lower fees than traditional auction solutions. AllSurplus is powered by the one of the most experienced and trusted company in the surplus industry: Liquidity Services, which has supported over 14,000 sellers and 3.6 million buyers across the globe. AllSurplus buyers have direct access to the surplus assets across Liquidity Services network of marketplaces, all in one centralized location.

About Liquidity Services
Liquidity Services (NASDAQ:LQDT) operates a network of leading e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering over 500 product categories. The company employs innovative e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government sellers. Our superior service, unmatched scale and ability to deliver results enable us to forge trusted, long-term relationships with over 14,000 sellers worldwide. With over $8 billion in completed transactions, and approximately 3.6 million buyers in almost 200 countries and territories, we are the proven leader in delivering smart commerce solutions. Visit us at LiquidityServices.com.

Contact:
Liquidity Services
Julie Davis
202.558.6234
julie.davis@liquidityservices.com 

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© GlobeNewswire 2020
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Financials (USD)
Sales 2020 202 M - -
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 245 M 245 M -
Capi. / Sales 2020 1,21x
Capi. / Sales 2021 1,05x
Nbr of Employees 687
Free-Float 80,1%
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Technical analysis trends LIQUIDITY SERVICES, INC.
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 8,50 $
Last Close Price 7,44 $
Spread / Highest target 34,4%
Spread / Average Target 14,2%
Spread / Lowest Target -5,91%
Managers
NameTitle
William Paul Angrick Chairman & Chief Executive Officer
Jorge A. Celaya Chief Financial Officer & Executive Vice President
Steven J. Weiskircher Chief Technology Officer
Jaime Mateus-Tique Director
Phil Anthony Clough Independent Director
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