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NEW YORK ( TheStreet) -- Innophos Holdings (Nasdaq: IPHS) hit a new 52-week high Tuesday as it is currently trading at $53.50, above its previous 52-week high of $53.48 with 93,506 shares traded as of 1:45 p.m. ET. Average volume has been 208,700 shares over the past 30 days. Innophos has a market cap of $1.14 billion and is part of the basic materials sector and chemicals industry. Shares are up 7.8% year to date as of the close of trading on Monday. 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 13.4, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7.