NEW YORK (

TheStreet

) --

PSS World Medical

(Nasdaq:

PSSI

) hit a new 52-week high Wednesday as it traded at $27.01 compared with its previous 52-Week high of $26.98. PSS World Medical is changing hands at $27.01 with 68,635 shares traded as of 11:16 a.m. ET. Average volume has been 495,400 shares over the past 30 days.

PSS World Medical has a market cap of $1.5 billion and is part of the

services

sector and

wholesale

industry. Shares are up 18.7% year to date as of the close of trading on Tuesday.

PSS World Medical, Inc., together with its subsidiaries, distributes medical products and equipment, pharmaceutical products, healthcare information technology, and billing services to alternate-site healthcare providers in the United States. The company has a P/E ratio of 21.7, equal to the average wholesale industry P/E ratio and above the S&P 500 P/E ratio of 16.1.

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TheStreet Ratings rates PSS World Medical as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures 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

PSS World Medical Ratings Report

.

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