NEW YORK ( TheStreet) -- Albemarle Corporation (NYSE: ALB) hit a new 52-week high Friday as it is currently trading at $69.90, above its previous 52-week high of $69.88 with 353,791 shares traded as of 11:50 a.m. ET. Average volume has been 957,000 shares over the past 30 days. Albemarle has a market cap of $6.2 billion and is part of the basic materials sector and chemicals industry. Shares are up 23.2% year to date as of the close of trading on Thursday. Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals in the United States and internationally. The company has a P/E ratio of 17.4, above the average chemicals industry P/E ratio of 17.1 and above the S&P 500 P/E ratio of 17.
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