NEW YORK (
MSC Industrial Direct
) hit a new 52-week high Tuesday as it traded at $66.71 compared with its previous 52-Week high of $66.68. MSC Industrial Direct is changing hands at $66.71 with 182,071 shares traded as of 3:07 p.m. ET. Average volume has been 311,500 shares over the past 30 days.
MSC Industrial Direct has a market cap of $3 billion and is part of the
industry. Shares are up 0.5% year to date as of the close of trading on Monday.
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 24.7, equal to the average wholesale industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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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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