PPG Stock Hits New 52-Week High (PPG)

NEW YORK ( TheStreet) -- PPG Industries (NYSE: PPG) hit a new 52-week high Thursday as it is currently trading at $97.81, above its previous 52-week high of $97.80 with 609,736 shares traded as of 9:40 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

PPG has a market cap of $13.67 billion and is part of the basic materials sector and chemicals industry. Shares are up 12.5% year to date as of the close of trading on Wednesday.

PPG Industries, Inc. manufactures and supplies protective and decorative coatings. The company has a P/E ratio of 13.9, above the average chemicals industry P/E ratio of 12.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates PPG as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, increase in stock price during the past year, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full PPG Ratings Report.

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