NEW YORK ( TheStreet) -- Ferro Corporation (NYSE: FOE) hit a new 52-week high Tuesday as it traded at $17.02 compared with its previous 52-Week high of $16.50. Ferro is changing hands at $16.23 with 148,906 shares traded as of 9:31 a.m. ET. Average volume has been 763,000 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 8.7% year to date as of the close of trading on Monday. 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 largely solid financial position with reasonable debt levels by most measures. 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.