NEW YORK (

TheStreet

) --

Liquidity Service

(Nasdaq:

LQDT

) hit a new 52-week high Wednesday as it is currently trading at $34.10, above its previous 52-week high of $33.51 with 235,923 shares traded as of 10:15 a.m. ET. Average volume has been 332,900 shares over the past 30 days.

Liquidity Service has a market cap of $834.5 million and is part of the

technology

sector and

internet

industry. Shares are up 122.7% year to date as of the close of trading on Tuesday.

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Liquidity Services, Inc. operates an online auction marketplace for surplus and salvage assets. The company enables buyers and sellers to transact in an automated online auction environment offering approximately 500 product categories. The company has a P/E ratio of 106.1, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Liquidity Service as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, robust revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full

Liquidity Service Ratings Report

.

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