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NEW YORK ( TheStreet) -- Innophos Holdings (Nasdaq: IPHS) hit a new 52-week high Wednesday as it is currently trading at $47.90, above its previous 52-week high of $47.64 with 17,431 shares traded as of 10:06 a.m. ET. Average volume has been 129,600 shares over the past 30 days. Innophos has a market cap of $1 billion and is part of the basic materials sector and chemicals industry. Shares are up 31.7% year to date as of the close of trading on Tuesday. Innophos Holdings, Inc., together with its subsidiaries, produces and sells specialty phosphates primarily in North America. The company has a P/E ratio of 17.2, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.