NEW YORK ( TheStreet) -- Carbo Ceramics (NYSE: CRR) hit a new 52-week high Tuesday as it traded at $126.05 compared with its previous 52-Week high of $124.79. Carbo Ceramics is changing hands at $125.16 with 12,571 shares traded as of 9:31 a.m. ET. Average volume has been 229,500 shares over the past 30 days.

Carbo Ceramics has a market cap of $2.8 billion and is part of the basic materials sector and energy industry. Shares are up 19.7% year to date as of the close of trading on Monday.

CARBO Ceramics Inc. manufactures and supplies ceramic proppants primarily used in the hydraulic fracturing of natural gas and oil wells in the United States and internationally. The company has a P/E ratio of 35.2, below the average energy industry P/E ratio of 39.3 and above the S&P 500 P/E ratio of 21.8.

TheStreet Ratings rates Carbo Ceramics 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, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Carbo Ceramics Ratings Report.

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