Heritage Global (NASDAQ:HGBL – Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06), Zacks reports. Heritage Global had a return on equity of 16.05% and a net margin of 20.60%. The company had revenue of $10.77 million during the quarter, compared to the consensus estimate of $12.30 million.
Heritage Global Stock Performance
NASDAQ:HGBL opened at $2.36 on Friday. The firm has a market cap of $88.12 million, a P/E ratio of 8.43 and a beta of 1.22. Heritage Global has a fifty-two week low of $1.52 and a fifty-two week high of $3.02. The firm has a 50-day simple moving average of $2.11 and a two-hundred day simple moving average of $1.83.
Analysts Set New Price Targets
Separately, Lake Street Capital dropped their target price 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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