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 Thursday as it is currently trading at $120.12, above its previous 52-week high of $120 with 361,869 shares traded as of 2:06 p.m. ET. Average volume has been 828,400 shares over the past 30 days.

PPG has a market cap of $17.73 billion and is part of the basic materials sector and chemicals industry. Shares are up 39.1% year to date as of the close of trading on Wednesday.

PPG Industries, Inc. manufactures and supplies protective and decorative coatings. The company has a P/E ratio of 19.4, above the S&P 500 P/E ratio of 17.7.

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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 and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full PPG Ratings Report.

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