NEW YORK ( TheStreet) -- Omnova Solutions (NYSE: OMN) hit a new 52-week high Monday as it is currently trading at $9.20, above its previous 52-week high of $9.10 with 239,280 shares traded as of 10:17 a.m. ET. Average volume has been 381,700 shares over the past 30 days.

Omnova has a market cap of $385.4 million and is part of the basic materials sector and chemicals industry. Shares are up 1.7% year to date as of the close of trading on Friday.

OMNOVA Solutions Inc. provides emulsion polymers, specialty chemicals, and decorative and functional surfaces for various commercial, industrial, and residential end uses primarily in the United States, Asia, and Europe. The company has a P/E ratio of 3.8, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.
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TheStreet Ratings rates Omnova as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Omnova Ratings Report.

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