Heritage Global (NASDAQ:HGBL – Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.06), Zacks reports. The business had revenue of $10.77 million during the quarter, compared to the consensus estimate of $12.30 million. Heritage Global had a return on equity of 16.05% and a net margin of 20.60%.
Heritage Global Price Performance
Shares of NASDAQ HGBL opened at $2.36 on Friday. The firm has a fifty day moving average price of $2.11 and a 200-day moving average price of $1.83. The stock has a market cap of $88.12 million, a PE ratio of 8.43 and a beta of 1.22. Heritage Global has a 1 year low of $1.52 and a 1 year high of $3.02.
Analyst Ratings Changes
Separately, Lake Street Capital reduced their price objective on shares of Heritage Global from $5.00 to $4.00 and set a “buy” rating for the company in a research note 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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