LyondellBasell Industries (NYSE:LYB) hit a new 52-week high Tuesday as it is currently trading at $53.81, above its previous 52-week high of $53.77 with 2.4 million shares traded as of 12:06 p.m. ET. Average volume has been 4.1 million shares over the past 30 days.
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) -- LyondellBasell Industries (NYSE: LYB) hit a new 52-week high Tuesday as it is currently trading at $53.81, above its previous 52-week high of $53.77 with 2.4 million shares traded as of 12:06 p.m. ET. Average volume has been 4.1 million shares over the past 30 days. LyondellBasell has a market cap of $29.24 billion and is part of the basic materials sector and chemicals industry. Shares are up 58.3% year to date as of the close of trading on Monday. LyondellBasell Industries N.V. manufacturers and sells chemicals and polymers, refines crude oil, produces gasoline blending components, and develops and licenses technologies for the production of polymers. The company has a P/E ratio of 13.5, below the average chemicals industry P/E ratio of 14.5 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates LyondellBasell as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full LyondellBasell Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.