Westlake Chemical Corporation (NYSE:WLK) hit a new 52-week high Thursday as it is currently trading at $85.32, above its previous 52-week high of $85.11 with 331,181 shares traded as of 12:16 p.m. ET. Average volume has been 563,800 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) -- Westlake Chemical Corporation (NYSE: WLK) hit a new 52-week high Thursday as it is currently trading at $85.32, above its previous 52-week high of $85.11 with 331,181 shares traded as of 12:16 p.m. ET. Average volume has been 563,800 shares over the past 30 days. Westlake Chemical has a market cap of $5.56 billion and is part of the basic materials sector and chemicals industry. Shares are up 5% year to date as of the close of trading on Wednesday. Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates in two segments, Olefins and Vinyls. The company has a P/E ratio of 17.6, equal to the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Westlake Chemical 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, 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 disappointing return on equity. You can view the full Westlake Chemical Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.