NEW YORK ( TheStreet) -- Balchem Corporation (Nasdaq: BCPC) hit a new 52-week high Wednesday as it is currently trading at $44.77, above its previous 52-week high of $44.73 with 12,357 shares traded as of 11:12 a.m. ET. Average volume has been 100,600 shares over the past 30 days. Balchem has a market cap of $1.3 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 29.5% year to date as of the close of trading on Tuesday. Balchem Corporation engages in the development, manufacture, and marketing of 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 37.1, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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