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NEW YORK ( TheStreet) -- Balchem Corporation (Nasdaq: BCPC) hit a new 52-week high Tuesday as it is currently trading at $39.89, above its previous 52-week high of $39.44 with 24,544 shares traded as of 10:45 a.m. ET. Average volume has been 86,900 shares over the past 30 days. Balchem has a market cap of $1.1 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 11.9% year to date as of the close of trading on Monday. Balchem Corporation provides specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, and medical sterilization industries in the United States and internationally. The company has a P/E ratio of 35.1, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 16.7.