NEW YORK (TheStreet) — Liquidity Service (Nasdaq:LQDT) hit a new 52-week high Monday as it is currently trading at $21.83, above its previous 52-week high of $21.76 with 17,476 shares traded as of 9:47 am ET. Average volume has been 137,300 shares over the past 30 days.

Liquidity Service has a market cap of $589 million and is part of the technology sector and internet industry. Shares are up 52.4% year to date as of the close of trading on Friday.

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 49.1, equal to the average internet industry P/E ratio and above the Samp;P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Liquidity Service as a buy. The companys strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Liquidity Service Ratings Report.

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