Tag: Liquidity Services

  • Services Sector New Lows: Liquidity Services (NASDAQ:LQDT), NewLead Holdings (NASDAQ:NEWL), TriNet Group (NYSE:TNET), CompX International (NYSEMKT:CIX)

    Liquidity Services, Inc. (NASDAQ:LQDT), a global reverse supply chain solutions provider trading surplus assets on its online marketplaces announced the primary results of the real time auction bidding program. Liquidity Services, Inc. (NASDAQ:LQDT), shares after opening at $17.98 moved to $19.47 on last trade day and at the end of the day closed at $18.36. Company price to sales ratio in past twelve months was calculated as 1.17 and price to cash ratio as 5.84. Liquidity Services, Inc. (NASDAQ:LQDT), showed a negative weekly performance of 27.63%.

    NewLead Holdings Ltd (NASDAQ:NEWL) witnessed its shares falling 1.05 percent to $1.89 during Tuesday trading. The shares which started trading at $1.89 ended up shifting hands between $1.81 and $2.18 during the day on above average volume of shares. The $1.67 million market capped bulk shipping company has witnessed its stock falling from grace to grass in the past year. That from the 52-week high of $297, the shares are wallowing at the bottom at $1.89. But all this has been because of the trouble that bulk shipping companies have known since 2013 where contracts and shipping rates have declined. Yet, recently the sector started showing signs of life again. NewLead Holdings Ltd (NASDAQ:NEWL) is among the bulk shippers that are readying their fleet for the anticipated business windfall. The company recently issued preferred shares and obtained debt financing to increase its fleet by two eco-type vessels. About $25 million was raised through the preferred shares offering. NewLead Holdings Ltd. (NASDAQ:NEWL), shares no change in last trading session and ended the day on $1.24. NewLead Holdings Ltd. (NASDAQ:NEWL), yearly performance is -99.47%.

    The successful Initial Public Offering (IPO) of common stock shares of TriNet Group Inc (NYSE:TNET) ended up exposing more than was ever known beyond the walls of the San Leandro-based company. Yet all this may just define who investors will trade the stock during its listing life. TriNet Group Inc. (NYSE:TNET), shares no change in last trading session and was closed at $21.01, while trading in range of $ 20.30 – 21.25.

    CompX International Inc. (nysemkt:CIX) announced sales of $22.3 million for the fourth quarter of 2013 compared to $19.3 million in the same period of 2012. Operating income was $2.0 million in the fourth quarter of 2013 compared to nil in the same period in 2012. Income from continuing operations after tax was $1.3 million, or $0.11 per diluted share, for the fourth quarter of 2013 compared to $600,000, or $0.05 per diluted share, in the same period of 2012. CompX International Inc. (NYSEMKT:CIX), weekly performance is -4.55%. On last trading day company shares ended up $9.66. CompX International Inc. (NYSEMKT:CIX), distance from 50-day simple moving average (SMA50) is -17.09%. Analysts mean target Price for the company is $38.00.