NEW YORK ( TheStreet) -- Kaiser Aluminum Corporation (Nasdaq: KALU) hit a new 52-week high Wednesday as it traded at $52.09 compared with its previous 52-Week high of $52. Kaiser Aluminum is changing hands at $52.09 with 56,513 shares traded as of 12:31 p.m. ET. Average volume has been 107,500 shares over the past 30 days. Kaiser Aluminum has a market cap of $978.9 million and is part of the basic materials sector and metals & mining industry. Shares are up 0.5% year to date as of the close of trading on Tuesday. Kaiser Aluminum Corporation manufactures semi-fabricated aluminum products primarily in the United States, Canada, and the United Kingdom. The company has a P/E ratio of 26.3, equal to the average metals & mining industry P/E ratio and above the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Kaiser Aluminum as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full Kaiser Aluminum Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.