NEW YORK ( TheStreet) -- Amerigon (Nasdaq: ARGN) hit a new 52-week high Wednesday as it is currently trading at $17.71, above its previous 52-week high of $17.67 with 22,967 shares traded as of 11:44 a.m. ET. Average volume has been 226,800 shares over the past 30 days.

Amerigon has a market cap of $389.8 million and is part of the consumer goods sector and automotive industry. Shares are up 58.5% year to date as of the close of trading on Tuesday.

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 51.6, below the average automotive industry P/E ratio of 53.1 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Amerigon as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Amerigon Ratings Report.

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