NEW YORK (

TheStreet

) --

PPG Industries

(NYSE:

PPG

) hit a new 52-week high Tuesday as it traded at $90.35 compared with its previous 52-Week high of $90.34. PPG is changing hands at $90.33 with 473,155 shares traded as of 11:41 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.

PPG has a market cap of $14.4 billion and is part of the

basic materials

sector and

chemicals

industry. Shares are up 6.3% year to date as of the close of trading on Monday.

PPG Industries, Inc. manufactures and supplies protective and decorative coatings. The company has a P/E ratio of 19.3, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates PPG as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and expanding profit margins. 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

PPG Ratings Report

.

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