Owens Corning Stock Hits New 52-Week High (OC)

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) -- Owens Corning Incorporated (NYSE: OC) hit a new 52-week high Thursday as it is currently trading at $39.77, above its previous 52-week high of $39.75 with 994,627 shares traded as of 1:40 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Owens Corning has a market cap of $4.65 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 6.5% year to date as of the close of trading on Wednesday.

Owens Corning engages in the provision of composite and building materials systems worldwide. It operates in two segments, Composites and Building Materials. The company has a P/E ratio of 54.7, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Owens Corning 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. You can view the full Owens Corning Ratings Report.

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