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.
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TheStreet Ratings rates Innophos as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Innophos Ratings Report.

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