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NEW YORK ( TheStreet) -- Innophos Holdings (Nasdaq: IPHS) hit a new 52-week high Wednesday as it traded at $47.37 compared with its previous 52-Week high of $47.29. Innophos is changing hands at $47.35 with 32,608 shares traded as of 2:38 p.m. ET. Average volume has been 140,000 shares over the past 30 days. Innophos has a market cap of $992.5 million and is part of the basic materials sector and chemicals industry. Shares are up 29.3% year to date as of the close of trading on Tuesday. Innophos Holdings, Inc., together with its subsidiaries, produces and sells specialty phosphates primarily in North America. The company has a P/E ratio of 22.9, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 16.8.