Innophos Holdings (Nasdaq:IPHS) hit a new 52-week high Wednesday as it changed hands at $47.37 compared with its previous 52-week high of $47.29. Innophos is currently trading at $47.35 with 32,608 shares changing hands as of 2:38 p.m.
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.
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TheStreet Ratings rates Innophos as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Innophos Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.