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NEW YORK ( TheStreet) -- MSC Industrial Direct (NYSE: MSM) hit a new 52-week high Thursday as it is currently trading at $81.80, above its previous 52-week high of $81.51 with 42,676 shares traded as of 11:24 a.m. ET. Average volume has been 329,500 shares over the past 30 days. MSC Industrial Direct has a market cap of $3.59 billion and is part of the services sector and wholesale industry. Shares are up 11.3% year to date as of the close of trading on Wednesday. MSC Industrial Direct Co., Inc., together with its subsidiaries, operates as a direct marketer and distributor of metalworking and maintenance, repair, and operations (MRO) products to industrial customers in the United States. The company has a P/E ratio of 21.9, above the average wholesale industry P/E ratio of 21.2 and above the S&P 500 P/E ratio of 17.7.