NEW YORK (

TheStreet

) --

Terra Nitrogen Company

(NYSE:

TNH

) hit a new 52-week high Tuesday as it is currently trading at $162.35, above its previous 52-week high of $161.96 with 76,109 shares traded as of 2:31 p.m. ET. Average volume has been 53,000 shares over the past 30 days.

Terra Nitrogen has a market cap of $2.9 billion and is part of the

basic materials

sector and

chemicals

industry. Shares are up 48% year to date as of the close of trading on Monday.

Terra Nitrogen Company, L.P. produces and distributes nitrogen fertilizer products to agricultural and industrial customers. The company has a P/E ratio of 15.9, 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 Terra Nitrogen as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Terra Nitrogen Ratings Report

.

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