NEW YORK ( TheStreet) -- Solutia (NYSE: SOA) hit a new 52-week high Tuesday as it is currently trading at $28.23, above its previous 52-week high of $28.20 with two million shares traded as of 3:59 p.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 62.3% year to date as of the close of trading on Monday. 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 13, 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 revenue growth, notable return on equity, attractive valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Solutia Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.
The ex-dividend date for Solutia (NYSE:SOA) is Monday, February 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $27.95 as of 9:30 a.m., the dividend yield is 0.5%.