NEW YORK ( TheStreet) -- Innophos Holdings (Nasdaq: IPHS) hit a new 52-week high Thursday as it is currently trading at $52.58, above its previous 52-week high of $52.22 with 15,391 shares traded as of 10 a.m. ET. Average volume has been 208,500 shares over the past 30 days. Innophos has a market cap of $1.07 billion and is part of the basic materials sector and chemicals industry. Shares are up 1.5% year to date as of the close of trading on Wednesday. Innophos Holdings, Inc., through its subsidiaries, engages in the production of mineral based specialty ingredients that are used in food, beverage, pharmaceutical, oral care, and industrial end markets. The company has a P/E ratio of 12.6, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Innophos 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, solid stock price performance, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Innophos Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.