NEW YORK (

TheStreet

) --

Rockwood Holdings Incorporated

(NYSE:

ROC

) hit a new 52-week high Wednesday as it is currently trading at $53.61, above its previous 52-week high of $51.89 with 237,474 shares traded as of 9:37 a.m. ET. Average volume has been 866,500 shares over the past 30 days.

Rockwood has a market cap of $3.8 billion and is part of the

basic materials

sector and

chemicals

industry. Shares are up 27.9% year to date as of the close of trading on Tuesday.

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Rockwood Holdings, Inc. develops, manufactures, and markets specialty chemicals and materials for industrial and commercial applications primarily in Germany, the United States, and Europe. The company has a P/E ratio of 17.6, above the average chemicals industry P/E ratio of 16.2 and above the S&P 500 P/E ratio of 16.7.

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TheStreet Ratings rates Rockwood as a

buy

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Rockwood Ratings Report

.

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