NEW YORK ( TheStreet) -- OM Group (NYSE: OMG) hit a new 52-week high Wednesday as it is currently trading at $40.21, above its previous 52-week high of $40.10 with 126,496 shares traded as of 12:16 p.m. ET. Average volume has been 261,900 shares over the past 30 days.

OM Group has a market cap of $1.2 billion and is part of the basic materials sector and chemicals industry. Shares are up 2.8% year to date as of the close of trading on Tuesday.

OM Group, Inc. engages in the development, production, and marketing of specialty chemicals and advanced materials to complex chemical and industrial processes worldwide. The company operates in two segments: Advanced Materials and Specialty Chemicals. The company has a P/E ratio of 13, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates OM Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full OM Group Ratings Report.

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