NEW YORK ( TheStreet) -- Nalco (NYSE: NLC) hit a new 52-week high Thursday as it is currently trading at $38.06, above its previous 52-week high of $38.02 with 246,855 shares traded as of 10:46 a.m. ET. Average volume has been 3.6 million shares over the past 30 days.

Nalco has a market cap of $5.1 billion and is part of the basic materials sector and chemicals industry. Shares are up 17.3% year to date as of the close of trading on Wednesday.

Nalco Holding Company engages in the manufacture and sale of specialized service chemical programs worldwide. The company has a P/E ratio of 17.8, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Nalco as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, growth in earnings per share, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Nalco Ratings Report.

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