NEW YORK (

TheStreet

) --

Scotts Miracle-Gro Company

(NYSE:

SMG

) hit a new 52-week high Friday as it traded at $55 compared with its previous 52-Week high of $54.99. Scotts Miracle-Gro is changing hands at $54.99 with 598,404 shares traded as of 3:31 p.m. ET. Average volume has been 494,000 shares over the past 30 days.

Scotts Miracle-Gro has a market cap of $3.5 billion and is part of the

basic materials

sector and

chemicals

industry. Shares are up 5% year to date as of the close of trading on Thursday.

The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells lawn and garden care products primarily in North America and the European Union. The company has a P/E ratio of 18, below the average chemicals industry P/E ratio of 18.4 and below the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Scotts Miracle-Gro as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Scotts Miracle-Gro Ratings Report

.

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