NEW YORK ( TheStreet) -- Albemarle Corporation (NYSE: ALB) hit a new 52-week high Tuesday as it is currently trading at $71.45, above its previous 52-week high of $71.35 with 21,828 shares traded as of 9:41 a.m. ET. Average volume has been 920,000 shares over the past 30 days. Albemarle has a market cap of $6.5 billion and is part of the basic materials sector and chemicals industry. Shares are up 26.5% year to date as of the close of trading on Friday. Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals in the United States and internationally. The company has a P/E ratio of 17.8, equal to the average chemicals industry P/E ratio and equal to the S&P 500 P/E ratio of 17.7.
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