NEW YORK ( TheStreet) -- Liquidity Service (Nasdaq: LQDT) hit a new 52-week high Friday as it is currently trading at $64.40, above its previous 52-week high of $64.39 with 506,900 shares traded as of 2:24 p.m. ET. Average volume has been 448,100 shares over the past 30 days.

Liquidity Service has a market cap of $1.68 billion and is part of the services sector and retail industry. Shares are up 68.7% year to date as of the close of trading on Thursday.

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 43.9, below the average retail industry P/E ratio of 105.6 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. 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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