Huntsman Corporation (NYSE:HUN) hit a new 52-week high Thursday as it is currently trading at $19.13, above its previous 52-week high of $19.11 with 1.8 million shares traded as of 11:31 a.m. ET. Average volume has been 4.4 million 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) -- Huntsman Corporation (NYSE: HUN) hit a new 52-week high Thursday as it is currently trading at $19.13, above its previous 52-week high of $19.11 with 1.8 million shares traded as of 11:31 a.m. ET. Average volume has been 4.4 million shares over the past 30 days. Huntsman has a market cap of $4.49 billion and is part of the basic materials sector and chemicals industry. Shares are up 19.4% year to date as of the close of trading on Wednesday. Huntsman Corporation and its subsidiaries engage in the manufacture and sale of differentiated organic and inorganic chemical products worldwide. The company operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments. The company has a P/E ratio of 12.2, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Huntsman as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Huntsman Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.