PSS World Medical Stock Hits New 52-Week High (PSSI)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- PSS World Medical (Nasdaq: PSSI) hit a new 52-week high Wednesday as it is currently trading at $28.79, above its previous 52-week high of $28.75 with 892,390 shares traded as of 2:40 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.

PSS World Medical has a market cap of $1.44 billion and is part of the services sector and wholesale industry. Shares are up 18.1% year to date as of the close of trading on Tuesday.

PSS World Medical, Inc. provides medical products and supplies, diagnostic equipment, healthcare information technology, pharmaceutical products, and professional and consulting services in the United States. The company operates in two segments, Physician Business and Extended Care Business. The company has a P/E ratio of 20.7, below the average wholesale industry P/E ratio of 21.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates PSS World Medical as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, feeble growth in the company's earnings per share and weak operating cash flow. You can view the full PSS World Medical Ratings Report.

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