NEW YORK ( TheStreet) -- Liquidity Service (Nasdaq: LQDT) hit a new 52-week high Tuesday as it is currently trading at $39.79, above its previous 52-week high of $39.76 with 58,167 shares traded as of 10:09 a.m. ET. Average volume has been 300,100 shares over the past 30 days.

Liquidity Service has a market cap of $1.1 billion and is part of the services sector and retail industry. Shares are up 3.5% year to date as of the close of trading on Monday.

Liquidity Services, Inc. operates various online auction marketplaces for surplus and salvage assets in the United States. The company has a P/E ratio of 35.5, below the average retail industry P/E ratio of 128.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Liquidity Service as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Liquidity Service Ratings Report.

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