Cytec Stock Hits New 52-Week High (CYT)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Cytec Industries (NYSE: CYT) hit a new 52-week high Thursday as it is currently trading at $70.08, above its previous 52-week high of $70.07 with 303,445 shares traded as of 11:45 a.m. ET. Average volume has been 533,800 shares over the past 30 days.

Cytec has a market cap of $3.16 billion and is part of the basic materials sector and chemicals industry. Shares are up 53.7% year to date as of the close of trading on Wednesday.

Cytec Industries Inc., a specialty chemicals and materials company, engages in developing, manufacturing, and selling chemical products primarily for aerospace composites, structural adhesives, automotive and industrial coatings, electronics, inks, mining, and plastics markets. The company has a P/E ratio of 15, below the average chemicals industry P/E ratio of 17.5 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Cytec 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, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Cytec Ratings Report.

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