ValuEngine cut shares of Live Ventures Incorporated (NASDAQ:LIVE) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

Live Ventures (NASDAQ:LIVE) opened at 11.05 on Tuesday. The firm’s 50-day moving average is $10.79 and its 200 day moving average is $13.76. Live Ventures has a 1-year low of $1.65 and a 1-year high of $32.98.

Live Ventures (NASDAQ:LIVE) last released its quarterly earnings results on Thursday, August 10th. The information services provider reported $0.55 earnings per share (EPS) for the quarter. Live Ventures had a return on equity of 30.21% and a net margin of 6.46%. The business had revenue of $41.38 million during the quarter. Equities research analysts anticipate that Live Ventures will post $3.18 earnings per share for the current year.

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An institutional investor recently raised its position in Live Ventures stock. Sigma Planning Corp boosted its stake in Live Ventures Incorporated (NASDAQ:LIVE) by 19.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,441 shares of the information services provider’s stock after buying an additional 2,342 shares during the period. Sigma Planning Corp’s holdings in Live Ventures were worth $149,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 7.07% of the company’s stock.

Live Ventures Company Profile

Live Ventures Incorporated is a holding company for diversified businesses. The Company’s segments include Manufacturing Segment, Marketplace Platform Segment and Services Segment. The Manufacturing Segment consists of Marquis Industries, Inc The Marketplace Platform segment consists of livedeal.com and Modern Everyday, Inc The Services Segment consists of the local exchange carrier billings business and velocity local.

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