Cytec Stock Hits New 52-Week High (CYT)

NEW YORK ( TheStreet) -- Cytec Industries (NYSE: CYT) hit a new 52-week high Tuesday as it is currently trading at $79.06, above its previous 52-week high of $78.73 with 7,679 shares traded as of 9:30 a.m. ET. Average volume has been 641,000 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 13.9% year to date as of the close of trading on Monday.

Cytec Industries Inc., a specialty chemicals and materials company, focuses on developing, manufacturing, and selling value-added products for aerospace and industrial materials, mining, and plastic industries worldwide.

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

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