NEW YORK ( TheStreet) -- MSC Industrial Direct (NYSE: MSM) is trading at unusually high volume Wednesday with 1.1 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $4.86 (+6.9%) at $75.36 as of 10:57 a.m. ET. MSC Industrial Direct has a market cap of $3.2 billion and is part of the services sector and wholesale industry. Shares are up 9% year to date as of the close of trading on Tuesday. 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 26.8, equal to the average wholesale industry P/E ratio and above the S&P 500 P/E ratio of 16.8. 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 MSC Industrial Direct Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Markets
Dow Pulls Back From Intraday High on Reported China Trade Concerns
The Dow retreats from an intraday day high Tuesday after President Trump said the U.S. and China have `a long way to go' before reaching a trade agreement.
Why Pier 1 and Francesca's Holdings Stocks Are Plummeting
Shares in Pier 1 Imports and Francesca's Holdings fell sharply today, indicating the market has lost faith in the struggling retailers' turnaround plans.
Powell Expresses Concern for 'Uncertainties,' Affirming Expectations of Rate Cut
Federal Reserve Chair Jerome Powell says 'uncertainties about the outlook have increased,' as many traders bet that the central bank will cut U.S. interest rates later this month for the first time since before the 2008 financial crisis.
Jim Cramer: Everyone - Congress, Peter Thiel, Everyone - Needs to Dial It Back
From the Google witch hunt to the demonizing of Facebook's Libra dial it back now before all of this gets way too out of control.
Market Selling Is Picking Up Now but Breadth Is Still in Decent Shape
From a technical standpoint some downside at this juncture may be what is needed to shake things up and create better trading conditions into earnings.