NEW YORK (

TheStreet

) --

Neenah Paper

(NYSE:

NP

) hit a new 52-week high Friday as it is currently trading at $28.05, above its previous 52-week high of $27.84 with 32,551 shares traded as of 11:45 a.m. ET. Average volume has been 117,600 shares over the past 30 days.

Neenah has a market cap of $358.6 million and is part of the

consumer goods

sector and

consumer non-durables

industry. Shares are up 24.1% year to date as of the close of trading on Thursday.

Neenah Paper, Inc., together with its subsidiaries, engages in the production and sale of technical products and fine papers worldwide. The company has a P/E ratio of 15.4, above the average consumer non-durables industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Neenah as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Neenah Ratings Report

.

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