NEW YORK (
MSC Industrial Direct
) is trading at unusually high volume Wednesday with 1.1 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $4.86 (+6.9%) at $75.36 as of 10:57 a.m. ET.
MSC Industrial Direct has a market cap of $3.2 billion and is part of the
industry. Shares are up 9% year to date as of the close of trading on Tuesday.
MSC Industrial Direct Co., Inc. (MSC), together with its subsidiaries, operates as a direct marketer and distributor of metalworking and maintenance, repair, and operations (MRO) supplies to industrial customers throughout the United States. The company has a P/E ratio of 26.8, equal to the average wholesale industry P/E ratio and above the S&P 500 P/E ratio of 16.8.
TheStreet Ratings rates MSC Industrial Direct 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, notable return on equity, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full
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