Boston, MA 06/10/2013 (wallstreetpr) – The share prices of Liquidity Services Inc. (NASDAQ:LQDT) had declined by 10.39 percent to close at $35.06 per share for the end of last trading session on Friday. The shares of the company had been trading with an intraday high price of $38.27 per share and an intraday low price of $34.03 per share during the day.
Liquidity Services Inc. (NASDAQ:LQDT) is involved in providing an auction market place for the surplus and salvage assets. The company offers over 500 product categories and provides the buyers and sellers with an online auction environment where access to global supply of salvage and surplus assets are provided to the buyers. Liquidity Services Inc. (NASDAQ:LQDT) with its operations based in Washington DC had recently been included in the list of fastest growing technology companies by Forbes magazine.
First Local Firm to be listed in Forbes
Liquidity Services Inc. (NASDAQ:LQDT) is the only firm of Washington DC area to find a place in this prestigious list. The company had been listed in the 23rd position in the Forbes Fast Tech 25 2013 list. This list released by the Forbes magazine requires that the sales growth of the companies to be included be at least 10 percent for each of the past three years and 10 percent average sales growth for the past three years.
Liquidity Services Inc. (NASDAQ:LQDT) had recorded a sales of $259 million through the auctioning of surplus and salvage assets for the last quarter, which was 19 percent higher than the sales of same quarter of the last year.
The shares of Liquidity Services Inc. (NASDAQ:LQDT) had recorded 52 week low price level of $28.62 per share and 52 week high price level of $65.79 per share. The shares of the company had witnessed heavy trading volume at 1.19 million shares on the trading session of Friday, while the average trading volume of the company is at 437,354 shares per day.
