Anixter International Reaches New 52-Week High (AXE)

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) -- Anixter International (NYSE: AXE) hit a new 52-week high Thursday as it is currently trading at $71.55, above its previous 52-week high of $71.43 with 79,269 shares traded as of 11:02 a.m. ET. Average volume has been 438,400 shares over the past 30 days.

Anixter International has a market cap of $2.23 billion and is part of the services sector and wholesale industry. Shares are up 7.4% year to date as of the close of trading on Wednesday.

Anixter International Inc., together with its subsidiaries, distributes enterprise cabling and security solutions, electrical and electronic wire and cable products, original equipment manufacturer (OEM) supply fasteners, and other small parts. The company has a P/E ratio of 20.6, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Anixter International as a buy. Among the primary strengths of the company is its revenue growth. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Anixter International Ratings Report.

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