A Schulman Stock Hits New 52-Week High (SHLM)

NEW YORK ( TheStreet) -- A Schulman (Nasdaq: SHLM) hit a new 52-week high Thursday as it is currently trading at $27.18, above its previous 52-week high of $27 with 28,923 shares traded as of 11:17 a.m. ET. Average volume has been 215,400 shares over the past 30 days.

A Schulman has a market cap of $686.6 million and is part of the basic materials sector and chemicals industry. Shares are up 26.1% year to date as of the close of trading on Wednesday.

A. Schulman, Inc. supplies plastic compounds and resins for packaging, consumer products, industrial, and automotive applications. The company has a P/E ratio of 18, above the average chemicals industry P/E ratio of 15.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates A Schulman as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full A Schulman Ratings Report.

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