NEW YORK (

TheStreet

) --

American States Water

(NYSE:

AWR

) hit a new 52-week high Wednesday as it is currently trading at $36.46, above its previous 52-week high of $36.45 with 67,843 shares traded as of 12:28 p.m. ET. Average volume has been 113,800 shares over the past 30 days.

American States Water has a market cap of $666.4 million and is part of the

utilities

sector and

utilities

industry. Shares are up 3.6% year to date as of the close of trading on Tuesday.

American States Water Company, through its subsidiaries, provides water, electric, and contracted services in the United States. The company has a P/E ratio of 15.2, above the average utilities industry P/E ratio of 13.8 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates American States Water as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

American States Water Ratings Report

.

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