1. As of noon trading, PPG Industries ( PPG) is up $1.51 (1.14) to $134.16 on light volume Thus far, 519,570 shares of PPG Industries exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $132.82-$134.16 after having opened the day at $133.27 as compared to the previous trading day's close of $132.65. PPG Industries, Inc. operates as a coatings and specialty products company. PPG Industries has a market cap of $18.8 billion and is part of the basic materials sector. The company has a P/E ratio of 21.7, above the S&P 500 P/E ratio of 17.7. Shares are down 2.0% year to date as of the close of trading on Tuesday. TheStreet Ratings rates PPG Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full PPG Industries Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE. If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider Materials Select Sector SPDR ( XLB) while those bearish on the chemicals industry could consider ProShares Short Basic Materials Fd ( SBM). A reminder about TheStreet Ratings group: 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.