PPG Reaches New 52-Week High (PPG)

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.

TheStreet Ratings rates PPG as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full PPG Ratings Report.

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