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NEW YORK ( TheStreet) -- Balchem Corporation (Nasdaq: BCPC) hit a new 52-week high Thursday as it is currently trading at $43.50, above its previous 52-week high of $43.30 with 1,019 shares traded as of 9:30 a.m. ET. Average volume has been 97,900 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 26.9% year to date as of the close of trading on Wednesday. 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 36.3, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.