LyondellBasell Stock Hits New 52-Week High (LYB)

NEW YORK ( TheStreet) -- LyondellBasell Industries (NYSE: LYB) hit a new 52-week high Wednesday as it is currently trading at $69.51, above its previous 52-week high of $69.49 with 1.6 million shares traded as of 1:21 p.m. ET. Average volume has been 4.4 million shares over the past 30 days.

LyondellBasell has a market cap of $39.31 billion and is part of the basic materials sector and chemicals industry. Shares are up 19.6% year to date as of the close of trading on Tuesday.

LyondellBasell Industries N.V., together with its subsidiaries, manufacturers and sells chemicals and polymers; refines crude oil; produces gasoline blending components; and develops and licenses technologies for the production of polymers.

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TheStreet Ratings rates LyondellBasell as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full LyondellBasell Ratings Report.

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