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 (NYSE: OC) hit a new 52-week high Wednesday as it is currently trading at $45.50, above its previous 52-week high of $45.25 with 206,052 shares traded as of 10:10 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Owens-Corning has a market cap of $5.32 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 20.4% year to date as of the close of trading on Tuesday.

Owens Corning produces and sells glass fiber reinforcements and other materials for composite systems; and residential and commercial building materials worldwide. It operates in two segments, Composites and Building Materials. The company has a P/E ratio of 112, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, 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. You can view the full Owens-Corning Ratings Report.

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