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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 Wednesday as it is currently trading at $78.39, above its previous 52-week high of $77.75 with 212,453 shares traded as of 2:20 p.m. ET. Average volume has been 400,900 shares over the past 30 days. Cytec has a market cap of $3.47 billion and is part of the basic materials sector and chemicals industry. Shares are up 12% year to date as of the close of trading on Tuesday. 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 38.3, above the S&P 500 P/E ratio of 17.7.