MSC Industrial Direct Reaches New 52-Week High (MSM)

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) -- MSC Industrial Direct (NYSE: MSM) hit a new 52-week high Monday as it is currently trading at $87.68, above its previous 52-week high of $87.65 with 84,960 shares traded as of 12:06 p.m. ET. Average volume has been 400,100 shares over the past 30 days.

MSC Industrial Direct has a market cap of $4.18 billion and is part of the services sector and wholesale industry. Shares are up 15.4% year to date as of the close of trading on Friday.

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

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates MSC Industrial Direct as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. 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.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

Running for the Hills? Some Bond Traders Are: Market Recon

Running for the Hills? Some Bond Traders Are: Market Recon

MSC Industrial: Invest, Profit, Repeat

MSC Industrial: Invest, Profit, Repeat

The 'Secret Sauce' of Investing

The 'Secret Sauce' of Investing

It's Not Too Late to Own Mead Johnson

It's Not Too Late to Own Mead Johnson

Profiting On Stocks With Weak EPS Growth

Profiting On Stocks With Weak EPS Growth