NEW YORK (
) hit a new 52-week high Tuesday as it is currently trading at $39.89, above its previous 52-week high of $39.44 with 24,544 shares traded as of 10:45 a.m. ET. Average volume has been 86,900 shares over the past 30 days.
Balchem has a market cap of $1.1 billion and is part of the
industry. Shares are up 11.9% year to date as of the close of trading on Monday.
Balchem Corporation provides specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, and medical sterilization industries in the United States and internationally. The company has a P/E ratio of 35.1, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 16.7.
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TheStreet Ratings rates Balchem as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations 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
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