NEW YORK ( TheStreet) -- MWI Veterinary Supply (Nasdaq: MWIV) hit a new 52-week high Tuesday as it traded at $70.99 compared with its previous 52-Week high of $70.94. MWI Veterinary Supply is changing hands at $70.76 with 42,794 shares traded as of 2:24 p.m. ET. Average volume has been 58,100 shares over the past 30 days. MWI Veterinary Supply has a market cap of $867.8 million and is part of the health care sector and health services industry. Shares are up 11.8% year to date as of the close of trading on Monday.

MWI Veterinary Supply, Inc. distributes animal health products to veterinarians in the United States. The company primarily offers pharmaceuticals, vaccines, parasiticides, diagnostics, capital equipment, supplies, specialty products, veterinary pet food, and nutritional products. The company has a P/E ratio of 23.6, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 23.3.

TheStreet Ratings rates MWI Veterinary Supply as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full MWI Veterinary Supply Ratings Report.

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