NEW YORK ( TheStreet) -- Ashland (NYSE: ASH) hit a new 52-week high Friday as it is currently trading at $72.43, above its previous 52-week high of $72.34 with 635,909 shares traded as of 1:30 p.m. ET. Average volume has been 805,100 shares over the past 30 days. Ashland has a market cap of $5.6 billion and is part of the basic materials sector and chemicals industry. Shares are up 24.7% year to date as of the close of trading on Thursday. Ashland Inc. operates as a specialty chemicals company in the United States and internationally. It operates through four segments: Specialty Ingredients, Water Technologies, Performance Materials, and Consumer Markets. The company has a P/E ratio of 142.6, above the average chemicals industry P/E ratio of 30.1 and above the S&P 500 P/E ratio of 17.7.
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