Amerigon Reaches New 52-Week High (ARGN)

NEW YORK ( TheStreet) -- Amerigon (Nasdaq: ARGN) hit a new 52-week high Thursday as it is currently trading at $16, above its previous 52-week high of $15.87 with 235,417 shares traded as of 9:56 a.m. ET. Average volume has been 282,900 shares over the past 30 days.

Amerigon has a market cap of $324.9 million and is part of the consumer goods sector and automotive industry. Shares are up 39.7% year to date as of the close of trading on Wednesday.

Amerigon Incorporated engages in the design, development, and marketing of electronic components and systems based on thermoelectric device (TED) technologies to car and truck original equipment manufacturers in the United States and internationally. The company has a P/E ratio of 33.5, equal to the average automotive industry P/E ratio and above the S&P 500 P/E ratio of 16.9.
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TheStreet Ratings rates Amerigon 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, robust revenue growth, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Amerigon Ratings Report.

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