NEW YORK ( TheStreet) -- Albemarle Corporation (NYSE: ALB) hit a new 52-week high Tuesday as it is currently trading at $71.20, above its previous 52-week high of $71.18 with 671,306 shares traded as of 3:15 p.m. ET. Average volume has been 969,900 shares over the past 30 days. Albemarle has a market cap of $6.3 billion and is part of the basic materials sector and chemicals industry. Shares are up 24.2% year to date as of the previous trading day's close. 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, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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