NEW YORK ( TheStreet) -- Owens Corning Incorporated (NYSE: OC) hit a new 52-week high Monday as it is currently trading at $37.84, above its previous 52-week high of $37.70 with 135,454 shares traded as of 10:31 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Owens Corning has a market cap of $4.6 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 18.6% year to date as of the close of trading on Thursday.

Owens Corning, through its subsidiaries, provides composite and building materials systems worldwide. It operates in two segments, Composites and Building Materials. The company has a P/E ratio of 5.1, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 16.7.
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TheStreet Ratings rates Owens Corning as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins. You can view the full Owens Corning Ratings Report.

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