Cabot Stock Hits New 52-Week High (CBT)

NEW YORK ( TheStreet) -- Cabot Corporation (NYSE: CBT) hit a new 52-week high Wednesday as it is currently trading at $44.54, above its previous 52-week high of $44.51 with 408,705 shares traded as of 12:29 p.m. ET. Average volume has been 331,600 shares over the past 30 days.

Cabot has a market cap of $2.72 billion and is part of the basic materials sector and chemicals industry. Shares are up 33.7% year to date as of the close of trading on Tuesday.

Cabot Corporation operates as a specialty chemicals and performance materials company. The company has a P/E ratio of 17.7, above the average chemicals industry P/E ratio of 13.7 and equal to the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cabot as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Cabot Ratings Report.

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