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TheStreet Wire

Ashland Stock Hits New 52-Week High (ASH)

By TheStreet Wire 06/18/12 - 02:49 PM EDT

Find out if (ASH) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Ashland (NYSE:ASH) hit a new 52-week high Monday as it is currently trading at $67.61, above its previous 52-week high of $67.59 with 526,027 shares traded as of 2:25 p.m. ET. Average volume has been 715,500 shares over the past 30 days.

Ashland has a market cap of $5.13 billion and is part of the basic materials sector and chemicals industry. Shares are up 14.3% year to date as of the close of trading on Friday.

Ashland Inc. operates as a specialty chemicals company in the United States and internationally. It operates through four segments: Specialty Ingredients, Water Technologies, Performance Materials, and Consumer Markets.

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TheStreet Ratings rates Ashland as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Ashland Ratings Report.

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