NEW YORK ( TheStreet) -- Valspar Corporation (NYSE: VAL) hit a new 52-week high Monday as it is currently trading at $53.07, above its previous 52-week high of $52.96 with 862,289 shares traded as of 3:59 p.m. ET. Average volume has been 837,000 shares over the past 30 days.

Valspar has a market cap of $4.68 billion and is part of the basic materials sector and chemicals industry. Shares are up 34.7% year to date as of the close of trading on Friday.

The Valspar Corporation, together with its subsidiaries, manufactures and distributes coatings, paints, and related products worldwide.

TheStreet Ratings rates Valspar as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, good cash flow from operations and expanding profit margins. 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 Valspar Ratings Report.

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