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NEW YORK ( TheStreet) -- NewMarket Corporation (NYSE: NEU) hit a new 52-week high Tuesday as it is currently trading at $205.09, above its previous 52-week high of $204.92 with 9,942 shares traded as of 12:04 p.m. ET. Average volume has been 72,800 shares over the past 30 days. NewMarket has a market cap of $2.67 billion and is part of the basic materials sector and chemicals industry. Shares are up 0.8% year to date as of the close of trading on Monday. 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, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.