NEW YORK ( TheStreet) -- Owens Corning Incorporated (NYSE: OC) hit a new 52-week high Tuesday as it is currently trading at $38.88, above its previous 52-week high of $38.87 with 816,377 shares traded as of 1:31 p.m. ET. Average volume has been 1.4 million shares over the past 30 days. Owens Corning has a market cap of $4.8 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 22.8% year to date as of the close of trading on Friday. 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 5.3, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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