Heritage Global (NASDAQ:HGBL – Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06), Zacks reports. Heritage Global had a net margin of 20.60% and a return on equity of 16.05%. The company had revenue of $10.77 million for the quarter, compared to analysts’ expectations of $12.30 million.
Heritage Global Stock Performance
Shares of NASDAQ HGBL opened at $2.36 on Friday. The business’s 50 day moving average price is $2.11 and its 200-day moving average price is $1.83. Heritage Global has a fifty-two week low of $1.52 and a fifty-two week high of $3.02. The company has a market cap of $88.12 million, a price-to-earnings ratio of 8.43 and a beta of 1.22.
Analyst Ratings Changes
Separately, Lake Street Capital reduced their price target on Heritage Global from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday.
Heritage Global Company Profile
Heritage Global Inc, together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company operates in three segments: Auction and Liquidation, Refurbishment & Resale, and Brokerage. It provides a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services.
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