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TheStreet Wire

Sociedad Quimica Y Minera De Chile Reaches New 52-Week High (SQM)

By TheStreet Wire 06/29/11 - 10:40 AM EDT

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NEW YORK (TheStreet) -- Sociedad Quimica Y Minera De Chile (NYSE:SQM) hit a new 52-week high Wednesday as it is currently trading at $64.20, above its previous 52-week high of $62.89 with 146,450 shares traded as of 10:17 a.m. ET. Average volume has been 539,500 shares over the past 30 days.

Sociedad Quimica Y Minera De Chile has a market cap of $16.2 billion and is part of the basic materials sector and chemicals industry. Shares are up 7.2% year to date as of the close of trading on Tuesday.

Chemical & Mining Co. of Chile Inc. engages in the production and sale of fertilizers and specialty chemicals in Chile and internationally. The company has a P/E ratio of 46.6, above the average chemicals industry P/E ratio of 39 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Sociedad Quimica Y Minera De Chile as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Sociedad Quimica Y Minera De Chile Ratings Report.

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