BOSTON ( TheStreet) -- As investors seek safety in blue-chip stocks, many top small-caps are trading at discounts. Here are five cheap stocks with strong fundamentals.

5. Cantel Medical Corp. ( CMN) sells infection prevention and control products.

The numbers: Fiscal first-quarter profit surged 85% to $6.2 million, or 37 cents a share. Revenue climbed 10% to $71 million. Cantel's gross margin rose from 41% to 46%, and its operating margin widened from 10% to 15%. The company has a stable financial position, with $23 million of cash and $38 million of debt.

The stock: Cantel Medical Corp. has advanced 40% this year, beating major U.S. indices. The stock trades at a price-to-earnings ratio of 19, a discount to the market and health care equipment peers. The company doesn't pay dividends.

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