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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.