NEW YORK ( TheStreet) -- Flotek Industries (NYSE: FTK) hit a new 52-week high Friday as it is currently trading at $13.81, above its previous 52-week high of $13.71 with two million shares traded as of 12:25 p.m. ET. Average volume has been 1.5 million shares over the past 30 days. Flotek has a market cap of $642.4 million and is part of the basic materials sector and chemicals industry. Shares are up 28.4% year to date as of the close of trading on Thursday. Flotek Industries, Inc., together with its subsidiaries, develops and supplies drilling and production related products and services to the energy and mining industries in the United States and internationally. The company operates in three segments: Chemicals, Drilling, and Artificial Lift. The company has a P/E ratio of 22.3, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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