Heritage Global (NASDAQ:HGBL – Free Report) had its target price cut by Lake Street Capital from $5.00 to $4.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.
Heritage Global Price Performance
Shares of HGBL opened at $2.36 on Friday. The firm has a market cap of $88.12 million, a PE ratio of 8.43 and a beta of 1.22. The stock’s fifty day moving average price is $2.11 and its two-hundred day moving average price is $1.84. Heritage Global has a 1 year low of $1.52 and a 1 year high of $2.90.
Heritage Global (NASDAQ:HGBL – Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.06). The firm had revenue of $10.77 million during the quarter, compared to the consensus estimate of $12.30 million. Heritage Global had a net margin of 20.60% and a return on equity of 16.05%.
Hedge Funds Weigh In On Heritage Global
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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