NEW YORK ( TheStreet) -- MSC Industrial Direct (NYSE: MSM) hit a new 52-week high Tuesday as it is currently trading at $84.73, above its previous 52-week high of $84.44 with 103,118 shares traded as of 11:15 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 16.4% year to date as of the close of trading on Monday. 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 22.9, above the average wholesale industry P/E ratio of 21.2 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates MSC Industrial Direct as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full MSC Industrial Direct Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.