Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
NEW YORK (
) hit a new 52-week high Thursday as it is currently trading at $98.29, above its previous 52-week high of $98.27 with 129,307 shares traded as of 10:41 a.m. ET. Average volume has been 594,700 shares over the past 30 days.
Westlake Chemical has a market cap of $6.39 billion and is part of the basic materials sector and chemicals industry. Shares are up 20.6% year to date as of the close of trading on Wednesday.
Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates in two segments, Olefins and Vinyls. The company has a P/E ratio of 15.2, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates
. 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
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