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 Thursday as it is currently trading at $28.98, above its previous 52-week high of $28.97 with 511,249 shares traded as of 2:54 p.m. ET. Average volume has been 1.5 million shares over the past 30 days.

PSS World Medical has a market cap of $1.46 billion and is part of the services sector and wholesale industry. Shares are up 0.2% year to date as of the close of trading on Wednesday.

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 23.5, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates PSS World Medical as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full PSS World Medical Ratings Report.

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