Celanese Reaches New 52-Week High (CE)

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) -- Celanese Corporation (NYSE: CE) hit a new 52-week high Wednesday as it is currently trading at $50.69, above its previous 52-week high of $50.68 with 496,488 shares traded as of 11 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Celanese has a market cap of $7.86 billion and is part of the basic materials sector and chemicals industry. Shares are up 12.3% year to date as of the close of trading on Tuesday.

Celanese Corporation engages in manufacture and sale of value-added chemicals, thermoplastic polymers, and other chemical-based products. The company operates in four segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Celanese as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Celanese Ratings Report.

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