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.
TheStreet Ratings rates NewMarket as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full NewMarket Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.