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NEW YORK ( TheStreet) -- Buckeye Technologies (NYSE: BKI) hit a new 52-week high Thursday as it is currently trading at $29.63, above its previous 52-week high of $29.45 with 332,273 shares traded as of 12:45 p.m. ET. Average volume has been 480,000 shares over the past 30 days. Buckeye has a market cap of $1.1 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 35.1% year to date as of the close of trading on Wednesday. Buckeye Technologies Inc. engages in the manufacture and distribution of cellulose-based specialty products. It operates in two segments, Specialty Fibers and Nonwoven Materials. The company has a P/E ratio of 9.4, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.