PPG Reaches New 52-Week High (PPG)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- PPG Industries (NYSE: PPG) hit a new 52-week high Monday as it is currently trading at $114.94, above its previous 52-week high of $114.62 with 125,127 shares traded as of 9:40 a.m. ET. Average volume has been 999,600 shares over the past 30 days.

PPG has a market cap of $17.25 billion and is part of the basic materials sector and chemicals industry. Shares are up 35.5% year to date as of the close of trading on Friday.

PPG Industries, Inc. manufactures and supplies protective and decorative coatings. The company has a P/E ratio of 19.6, 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 solid stock price performance, growth in earnings per share, 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 high debt management risk by most measures that we evaluated. You can view the full PPG Ratings Report.

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