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NEW YORK ( TheStreet) -- Innophos Holdings (Nasdaq: IPHS) hit a new 52-week high Wednesday as it is currently trading at $51.47, above its previous 52-week high of $51.45 with 50,566 shares traded as of 12:05 p.m. ET. Average volume has been 133,200 shares over the past 30 days. Innophos has a market cap of $1.04 billion and is part of the basic materials sector and chemicals industry. Shares are up 2.8% year to date as of the close of trading on Tuesday. Innophos Holdings, Inc., through its subsidiaries, engages in the production and sale of specialty phosphates primarily in North America. The company has a P/E ratio of 13.4, above the average chemicals industry P/E ratio of 12.7 and below the S&P 500 P/E ratio of 17.7.