Albemarle Stock Hits New 52-Week High (ALB)

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) -- Albemarle (NYSE: ALB) hit a new 52-week high Thursday as it is currently trading at $68.04, above its previous 52-week high of $67.96 with 24,148 shares traded as of 9:56 a.m. ET. Average volume has been 751,300 shares over the past 30 days.

Albemarle has a market cap of $5.95 billion and is part of the basic materials sector and chemicals industry. Shares are up 9.1% year to date as of the close of trading on Wednesday.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals. The company has a P/E ratio of 21.6, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Albemarle as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Albemarle Ratings Report.

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