Westlake Chemical Stock Hits New 52-Week High (WLK)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Tuesday as it is currently trading at $101.69, above its previous 52-week high of $101.66 with 28,158 shares traded as of 10:13 a.m. ET. Average volume has been 557,000 shares over the past 30 days.
Westlake Chemical has a market cap of $6.73 billion and is part of the basic materials sector and chemicals industry. Shares are up 27% year to date as of the close of trading on Monday.
Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates in two segments, Olefins and Vinyls.
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TheStreet Ratings rates
Westlake Chemical
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
Westlake Chemical Ratings Report
.
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