Cytec Stock Hits New 52-Week High (CYT)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Thursday as it is currently trading at $79.63, above its previous 52-week high of $79.62 with 405,030 shares traded as of 12:59 p.m. ET. Average volume has been 672,900 shares over the past 30 days.
Cytec has a market cap of $3.24 billion and is part of the basic materials sector and chemicals industry. Shares are up 14.1% year to date as of the close of trading on Wednesday.
Cytec Industries Inc., a specialty chemicals and materials company, focuses on developing, manufacturing, and selling value-added products for aerospace and industrial materials, mining, and plastic industries worldwide.
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TheStreet Ratings rates
Cytec
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
.
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