2. As of noon trading, Owens Corning Incorporated ( OC) is up $0.59 (1.7%) to $35.68 on light volume Thus far, 573,679 shares of Owens Corning Incorporated exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $35.08-$35.98 after having opened the day at $35.15 as compared to the previous trading day's close of $35.09.

Owens Corning engages in the provision of composite and building materials systems worldwide. It operates in two segments, Composites and Building Materials. Owens Corning Incorporated has a market cap of $4.0 billion and is part of the industrial goods sector. The company has a P/E ratio of 47.6, above the S&P 500 P/E ratio of 17.7. Shares are up 19.3% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Owens Corning Incorporated a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Owens Corning Incorporated as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Owens Corning Incorporated Ratings Report now.

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