Pennsylvania-based PPG Industries, Inc. (PPG) manufactures and distributes paints, coatings, and specialty materials. Valued at a market cap of $28.5 billion, the company serves a wide range of industries and operates in more than 70 countries around the world.
Shares of this paint and coating manufacturer have significantly lagged behind the broader market over the past 52 weeks. PPG has declined 10.2% over this time frame, while the broader S&P 500 Index ($SPX) has gained 31.1%. Moreover, on a YTD basis, the stock is down around 18%, compared to SPX’s 24.7% gain.
