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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) -- Axiall (NYSE: AXLL) hit a new 52-week high Wednesday as it is currently trading at $61.08, above its previous 52-week high of $61 with 771,194 shares traded as of 12:27 p.m. ET. Average volume has been 2.9 million shares over the past 30 days. Axiall has a market cap of $4.11 billion and is part of the basic materials sector and chemicals industry. Shares are up 45.5% year to date as of the close of trading on Tuesday. Axiall Corporation operates as an integrated chemicals and building products company in North America and Asia. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7.