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NEW YORK ( TheStreet) -- Liquidity Service (Nasdaq: LQDT) hit a new 52-week high Thursday as it is currently trading at $49.65, above its previous 52-week high of $48.34 with 117,378 shares traded as of 9:40 a.m. ET. Average volume has been 313,100 shares over the past 30 days. Liquidity Service has a market cap of $1.03 billion and is part of the services sector and retail industry. Shares are up 26.6% year to date as of the close of trading on Wednesday. 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 35.4, below the average retail industry P/E ratio of 120.7 and above the S&P 500 P/E ratio of 17.7.