NEW YORK ( TheStreet) -- Albemarle Corporation (NYSE: ALB) hit a new 52-week high Thursday as it traded at $60.86 compared with its previous 52-Week high of $60.70. Albemarle is changing hands at $60.84 with 26,171 shares traded as of 9:46 a.m. ET. Average volume has been 941,000 shares over the past 30 days. Albemarle has a market cap of $5.5 billion and is part of the basic materials sector and chemicals industry. Shares are up 8.1% year to date as of the close of trading on Wednesday. Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals in the United States and internationally. The company has a P/E ratio of 17.1, 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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