NEW YORK (

TheStreet

) --

Quaker Chemical Corporation

(NYSE:

KWR

) hit a new 52-week high Thursday as it is currently trading at $46, above its previous 52-week high of $45.80 with 11,561 shares traded as of 9:40 a.m. ET. Average volume has been 66,200 shares over the past 30 days.

Quaker Chemical has a market cap of $511.2 million and is part of the

basic materials

sector and

chemicals

industry. Shares are up 7.9% year to date as of the close of trading on Wednesday.

Quaker Chemical Corporation develops, produces, and markets formulated chemical specialty products for various heavy industrial and manufacturing applications. It also offers and markets chemical management services (CMS). The company has a P/E ratio of 52, above the average chemicals industry P/E ratio of 15.8 and above the S&P 500 P/E ratio of 16.9.

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TheStreet Ratings rates Quaker Chemical as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels 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

Quaker Chemical Ratings Report

.

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