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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) -- Huntsman Corporation (NYSE: HUN) hit a new 52-week high Friday as it is currently trading at $16.56, above its previous 52-week high of $16.35 with 709,153 shares traded as of 9:41 a.m. ET. Average volume has been three million shares over the past 30 days. Huntsman has a market cap of $3.66 billion and is part of the basic materials sector and chemicals industry. Shares are up 50.4% year to date as of the close of trading on Thursday. Huntsman Corporation engages in the manufacture and sale of differentiated organic and inorganic chemical products worldwide. The company has a P/E ratio of 10.7, below the S&P 500 P/E ratio of 17.7.