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NEW YORK ( TheStreet) -- PPG Industries (NYSE: PPG) hit a new 52-week high Tuesday as it is currently trading at $98.57, above its previous 52-week high of $98.55 with 556,603 shares traded as of 12:25 p.m. ET. Average volume has been 1.1 million shares over the past 30 days. PPG has a market cap of $14.38 billion and is part of the basic materials sector and chemicals industry. Shares are up 16.1% year to date as of the close of trading on Monday. 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 13.7 and below the S&P 500 P/E ratio of 17.7.