Solutia Stock Hits New 52-Week High (SOA)

NEW YORK ( TheStreet) -- Solutia (NYSE: SOA) hit a new 52-week high Friday as it is currently trading at $27.98, above its previous 52-week high of $27.89 with 1.2 million shares traded as of 10:05 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Solutia has a market cap of $2.37 billion and is part of the basic materials sector and chemicals industry. Shares are up 61% year to date as of the close of trading on Thursday.

Solutia Inc. engages in the manufacture and marketing of performance materials and specialty chemicals used in a range of consumer and industrial applications. It operates in three segments: Advanced Interlayers, Performance Films, and Technical Specialties. The company has a P/E ratio of 12.8, above the average chemicals industry P/E ratio of 9.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Solutia as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Solutia Ratings Report.

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