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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