New Lifetime High For Cytec Industries (CYT)

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Trade-Ideas LLC identified Cytec Industries ( CYT) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Cytec Industries as such a stock due to the following factors:

  • CYT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $29.6 million.
  • CYT has traded 3,051 shares today.
  • CYT is trading at a new lifetime high.

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More details on CYT:

Cytec Industries Inc., a specialty materials and chemicals company, focuses on developing, manufacturing, and selling value-added products for aerospace and industrial materials, mining, and plastics industries. The stock currently has a dividend yield of 0.8%. CYT has a PE ratio of 32. Currently there are 6 analysts that rate Cytec Industries a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Cytec Industries has been 448,500 shares per day over the past 30 days. Cytec has a market cap of $4.3 billion and is part of the basic materials sector and chemicals industry. The stock has a beta of 0.84 and a short float of 1.5% with 2.73 days to cover. Shares are up 31.9% year-to-date as of the close of trading on Monday.

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