NEW YORK (

TheStreet

) --

MSC Industrial Direct

(NYSE:

MSM

) hit a new 52-week high Monday as it is currently trading at $79.60, above its previous 52-week high of $79.22 with 20,584 shares traded as of 9:40 a.m. ET. Average volume has been 329,500 shares over the past 30 days.

MSC Industrial Direct has a market cap of $3.59 billion and is part of the

services

sector and

wholesale

industry. Shares are up 9.6% year to date as of the close of trading on Friday.

MSC Industrial Direct Co., Inc., together with its subsidiaries, operates as a direct marketer and distributor of metalworking and maintenance, repair, and operations (MRO) products to industrial customers in the United States. The company has a P/E ratio of 21.6, above the average wholesale industry P/E ratio of 21.2 and above the S&P 500 P/E ratio of 17.7.

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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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

MSC Industrial Direct Ratings Report

.

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