NEW YORK ( TheStreet) -- Rockwood Holdings Incorporated (NYSE: ROC) hit a new 52-week high Friday as it traded at $47.42 compared with its previous 52-Week high of $47.30. Rockwood is changing hands at $47.09 with 240,539 shares traded as of 10:57 a.m. ET. Average volume has been 745,500 shares over the past 30 days. Rockwood has a market cap of $3.5 billion and is part of the basic materials sector and chemicals industry. Shares are up 19.9% year to date as of the close of trading on Thursday. Rockwood Holdings, Inc. engages in the development, manufacture, and marketing of specialty chemicals and advanced materials for industrial and commercial purposes worldwide. The company has a P/E ratio of 24.1, below the average chemicals industry P/E ratio of 25.8 and above the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Rockwood 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 reasonable valuation levels. 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. See all 52-week high stocks or get investment ideas from our investment research center.