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NEW YORK ( TheStreet) -- PPG Industries (NYSE: PPG) hit a new 52-week high Wednesday as it is currently trading at $103.67, above its previous 52-week high of $102.18 with 579,106 shares traded as of 1 p.m. ET. Average volume has been 1.2 million shares over the past 30 days. PPG has a market cap of $15.41 billion and is part of the basic materials sector and chemicals industry. Shares are up 22.2% year to date as of the close of trading on Tuesday. PPG Industries, Inc. manufactures and supplies protective and decorative coatings. The company has a P/E ratio of 18.2, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 17.7.