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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 Thursday as it is currently trading at $86.84, above its previous 52-week high of $86.66 with 34,646 shares traded as of 10:07 a.m. ET. Average volume has been 709,500 shares over the past 30 days. Ashland has a market cap of $6.72 billion and is part of the basic materials sector and chemicals industry. Shares are up 5.9% year to date as of the close of trading on Wednesday. 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 177.5, above the S&P 500 P/E ratio of 17.7.