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NEW YORK ( TheStreet) -- Balchem Corporation (Nasdaq: BCPC) hit a new 52-week high Friday as it is currently trading at $42.03, above its previous 52-week high of $42.01 with 46,076 shares traded as of 3:35 p.m. ET. Average volume has been 94,200 shares over the past 30 days. Balchem has a market cap of $1.2 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 24% year to date as of the close of trading on Thursday. 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 35.2, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.