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NEW YORK ( TheStreet) -- NewMarket Corporation (NYSE: NEU) hit a new 52-week high Thursday as it is currently trading at $223.34, above its previous 52-week high of $220.85 with 35,986 shares traded as of 9:45 a.m. ET. Average volume has been 86,800 shares over the past 30 days. NewMarket has a market cap of $2.58 billion and is part of the basic materials sector and chemicals industry. Shares are down 0.9% year to date as of the close of trading on Wednesday. NewMarket Corporation, through its subsidiaries, engages in the petroleum additives and real estate development businesses. The company has a P/E ratio of 12.8, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.