NEW YORK ( TheStreet) -- Liquidity Service (Nasdaq: LQDT) hit a new 52-week high Friday as it traded at $17.49 compared with its previous 52-Week high of $17.32. Liquidity Service is changing hands at $17.49 with 13,124 shares traded as of 9:36 a.m. ET. Average volume has been 148,600 shares over the past 30 days. Liquidity Service has a market cap of $449.2 million and is part of the technology sector and internet industry. Shares are up 20.7% year to date as of the close of trading on Thursday.

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 43.5, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates Liquidity Service as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Liquidity Service Ratings Report.

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