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NEW YORK ( TheStreet) -- Terra Nitrogen Company L.P (NYSE: TNH) hit a new 52-week high Friday as it is currently trading at $199.65, above its previous 52-week high of $199.50 with 31,947 shares traded as of 12:43 p.m. ET. Average volume has been 53,200 shares over the past 30 days. Terra Nitrogen Company L.P has a market cap of $3.5 billion and is part of the basic materials sector and chemicals industry. Shares are up 16.7% year to date as of the close of trading on Thursday. Terra Nitrogen Company, L.P. engages in the production and sale of nitrogen fertilizer products for agricultural and industrial applications. The company primarily offers anhydrous ammonia and urea ammonium nitrate solutions. The company has a P/E ratio of 14, above the average chemicals industry P/E ratio of 13.4 and below the S&P 500 P/E ratio of 17.7.