NEW YORK (

TheStreet

) --

NewMarket Corporation

(NYSE:

NEU

) hit a new 52-week high Thursday as it is currently trading at $190.94, above its previous 52-week high of $190.76 with 35,172 shares traded as of 12:07 p.m. ET. Average volume has been 110,400 shares over the past 30 days.

NewMarket has a market cap of $2.5 billion and is part of the

basic materials

sector and

chemicals

industry. Shares are up 47.8% year to date as of the close of trading on Wednesday.

NewMarket Corporation, through its subsidiaries, engages in the petroleum additives and real estate development businesses. The company has a P/E ratio of 12.8, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates NewMarket as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, robust 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

NewMarket Ratings Report

.

See all

52-week high stocks

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