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NEW YORK ( TheStreet) -- NewMarket Corporation (NYSE: NEU) hit a new 52-week high Thursday as it is currently trading at $190.94, above its previous 52-week high of $190.76 with 35,172 shares traded as of 12:07 p.m. ET. Average volume has been 110,400 shares over the past 30 days. NewMarket has a market cap of $2.5 billion and is part of the basic materials sector and chemicals industry. Shares are up 47.8% year to date as of the close of trading on Wednesday. NewMarket Corporation, through its subsidiaries, engages in the petroleum additives and real estate development businesses. The company has a P/E ratio of 12.8, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.