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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) -- Dow Chemical (NYSE: DOW) hit a new 52-week high Thursday as it is currently trading at $34.84, above its previous 52-week high of $34.83 with 2.3 million shares traded as of 11:10 a.m. ET. Average volume has been 7.7 million shares over the past 30 days. Dow Chemical has a market cap of $41.78 billion and is part of the basic materials sector and chemicals industry. Shares are up 6.7% year to date as of the close of trading on Wednesday. The Dow Chemical Company manufactures and supplies chemical products used as raw materials in the manufacture of customer products and services worldwide. The company has a P/E ratio of 42.1, above the S&P 500 P/E ratio of 17.7.