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 Friday as it is currently trading at $42.84, above its previous 52-week high of $42.80 with 1.1 million shares traded as of 2:51 p.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Owens Corning has a market cap of $4.98 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 14% year to date as of the close of trading on Thursday.

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 58.6, 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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