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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) -- Ashland (NYSE: ASH) hit a new 52-week high Tuesday as it is currently trading at $78.63, above its previous 52-week high of $78.62 with 184,415 shares traded as of 11:01 a.m. ET. Average volume has been 808,600 shares over the past 30 days. Ashland has a market cap of $5.98 billion and is part of the basic materials sector and chemicals industry. Shares are up 32.5% year to date as of the close of trading on Monday. Ashland Inc. operates as a specialty chemicals company in the United States and internationally. It operates through four segments: Specialty Ingredients, Water Technologies, Performance Materials, and Consumer Markets. The company has a P/E ratio of 157.8, above the S&P 500 P/E ratio of 17.7.