MWI Veterinary Supply Stock Hits New 52-Week High (MWIV)

NEW YORK ( TheStreet) -- MWI Veterinary Supply (Nasdaq: MWIV) hit a new 52-week high Thursday as it is currently trading at $91, above its previous 52-week high of $90.24 with 40,432 shares traded as of 9:55 a.m. ET. Average volume has been 83,400 shares over the past 30 days.

MWI Veterinary Supply has a market cap of $959.2 million and is part of the services sector and wholesale industry. Shares are up 22.9% year to date as of the close of trading on Wednesday.

MWI Veterinary Supply, Inc., together with its subsidiaries, engages in the distribution of animal health products to veterinarians in the United States and the United Kingdom. The company has a P/E ratio of 23.1, above the average wholesale industry P/E ratio of 22.2 and above the S&P 500 P/E ratio of 17.7.

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, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full MWI Veterinary Supply Ratings Report.

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