NEW YORK (

TheStreet

) --

Cabot Corporation

(NYSE:

CBT

) hit a new 52-week high Friday as it traded at $46.58 compared with its previous 52-Week high of $46.57. Cabot is changing hands at $46.58 with 27,939 shares traded as of 10:30 a.m. ET. Average volume has been 350,900 shares over the past 30 days.

Cabot has a market cap of $3 billion and is part of the

basic materials

sector and

chemicals

industry. Shares are up 20.7% year to date as of the close of trading on Thursday.

Cabot Corporation provides specialty chemicals and performance materials worldwide. The company has a P/E ratio of 15, above the average chemicals industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 16.

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TheStreet Ratings rates Cabot 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, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Cabot Ratings Report

.

See all

52-week high stocks

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