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NEW YORK ( TheStreet) -- NewMarket Corporation (NYSE: NEU) hit a new 52-week high Thursday as it is currently trading at $204.16, above its previous 52-week high of $203.99 with 15,063 shares traded as of 10:26 a.m. ET. Average volume has been 82,100 shares over the past 30 days. NewMarket has a market cap of $2.53 billion and is part of the basic materials sector and chemicals industry. Shares are up 62.1% 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 12.4, above the average chemicals industry P/E ratio of 11.8 and below the S&P 500 P/E ratio of 17.7.