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NEW YORK ( TheStreet) -- Liquidity Service (Nasdaq: LQDT) hit a new 52-week high Thursday as it is currently trading at $54, above its previous 52-week high of $53.99 with 82,534 shares traded as of 10:08 a.m. ET. Average volume has been 477,000 shares over the past 30 days. Liquidity Service has a market cap of $1.56 billion and is part of the services sector and retail industry. Shares are up 44.3% 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 40.8, below the average retail industry P/E ratio of 98 and above the S&P 500 P/E ratio of 17.7.