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NEW YORK ( TheStreet) -- Quaker Chemical Corporation (NYSE: KWR) hit a new 52-week high Thursday as it is currently trading at $46.16, above its previous 52-week high of $46.02 with 7,362 shares traded as of 11:19 a.m. ET. Average volume has been 54,400 shares over the past 30 days. Quaker Chemical has a market cap of $548 million and is part of the basic materials sector and chemicals industry. Shares are up 17.3% year to date as of the close of trading on Wednesday. Quaker Chemical Corporation develops, produces, and markets formulated chemical specialty products for various heavy industrial and manufacturing applications. The company also offers and markets chemical management services (CMS). The company has a P/E ratio of 33.8, above the average chemicals industry P/E ratio of 12.9 and above the S&P 500 P/E ratio of 17.7.