NEW YORK ( TheStreet) -- Cytec Industries (NYSE: CYT) hit a new 52-week high Thursday as it is currently trading at $79.63, above its previous 52-week high of $79.62 with 405,030 shares traded as of 12:59 p.m. ET. Average volume has been 672,900 shares over the past 30 days. Cytec has a market cap of $3.24 billion and is part of the basic materials sector and chemicals industry. Shares are up 14.1% year to date as of the close of trading on Wednesday. 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.