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NEW YORK ( TheStreet) -- Sensient Technologies Corporation (NYSE: SXT) hit a new 52-week high Thursday as it is currently trading at $39.71, above its previous 52-week high of $39.69 with 15,328 shares traded as of 11:20 a.m. ET. Average volume has been 261,700 shares over the past 30 days. Sensient has a market cap of $1.93 billion and is part of the basic materials sector and chemicals industry. Shares are up 4.4% year to date as of the close of trading on Wednesday. Sensient Technologies Corporation and its subsidiaries engage in the manufacture and sale of colors, flavors, and fragrances worldwide. The company has a P/E ratio of 16.4, above the average chemicals industry P/E ratio of 16.3 and below the S&P 500 P/E ratio of 17.7.