Amerigon Rises On Unusually High Volume (ARGN)

NEW YORK ( TheStreet) -- Amerigon (Nasdaq: ARGN) is trading at unusually high volume Tuesday with 1.3 million shares changing hands. It is currently at 4.7 times its average daily volume and trading up 36 cents (+2.3%) at $16.31 as of 10:35 a.m. ET.

Amerigon has a market cap of $354.5 million and is part of the consumer goods sector and automotive industry. Shares are up 11.9% year to date as of the close of trading on Monday.

Amerigon Incorporated engages in the design, development, and marketing of electronic components and systems based on thermoelectric device technologies for heating and cooling applications. The company has a P/E ratio of 183.9, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Amerigon as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, solid stock price performance, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Amerigon Ratings Report.

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