NEW YORK ( TheStreet) -- Ferro Corporation (NYSE: FOE) hit a new 52-week high Wednesday as it traded at $16.13 compared with its previous 52-Week high of $16.12. Ferro is changing hands at $16.12 with 88,789 shares traded as of 10:11 a.m. ET. Average volume has been 759,100 shares over the past 30 days. Ferro has a market cap of $1.4 billion and is part of the basic materials sector and chemicals industry. Shares are up 8% year to date as of the close of trading on Tuesday. Ferro Corporation, together with its subsidiaries, produces specialty materials and chemicals for a range of manufacturers worldwide. Its product lines include electronics, color, and glass materials; and polymer and ceramic engineered materials. TheStreet Ratings rates Ferro as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. You can view the full Ferro Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.