Heritage Global (NASDAQ:HGBL – Get Free Report) posted its earnings results on Thursday. The company reported ($0.01) EPS for the quarter, missing the consensus estimate 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 business had revenue of $10.77 million during the quarter, compared to analyst estimates of $12.30 million.
Heritage Global Price Performance
HGBL opened at $2.36 on Friday. Heritage Global has a 12 month low of $1.52 and a 12 month high of $3.02. The stock has a market cap of $88.12 million, a P/E ratio of 8.43 and a beta of 1.22. The stock’s 50 day moving average price is $2.11 and its 200 day moving average price is $1.83.
Analyst Upgrades and Downgrades
Separately, Lake Street Capital lowered their target price on Heritage Global from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday.
About Heritage Global
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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