Heritage Global Reports Record Net Operating Income

(24/7 MARKET NEWS) – Heritage Global Inc. (NASDAQ: HGBL) reported, at yesterday’s market close, financial results for the fourth quarter and year ended December 31, 2022, which included annual net operating income to a record level of $11.1 million, nearly doubling its previous best net operating income milestone of $6.1 million, reached in 2020.

Heritage Global is trading at $2.72, up $0.19 (+7.69%), on 130 thousand premarket shares.

Its 52-week trading range is $1.02 to $2.88. If it can break through the $2.68 resistance level, on strong volume, its next inflection point is its 52-week high of $2.88, so a bluesky type of scenario is possible.

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