NEW YORK ( TheStreet) -- Cabot Microelectronics Corporation (Nasdaq: CCMP) hit a new 52-week high Thursday as it is currently trading at $52.72, above its previous 52-week high of $52.69 with 51,281 shares traded as of 11:07 a.m. ET. Average volume has been 167,800 shares over the past 30 days. Cabot Microelectronics has a market cap of $1.14 billion and is part of the technology sector and electronics industry. Shares are up 10.4% year to date as of the close of trading on Wednesday. Cabot Microelectronics Corporation engages in the development, manufacture, and sale of chemical mechanical planarization (CMP) consumables to the semiconductor industry primarily in the United States, Asia, and Europe. The company has a P/E ratio of 26, above the average electronics industry P/E ratio of 22.8 and above the S&P 500 P/E ratio of 17.7.
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