Shares of JNY fell by 0.53% or $-0.07/share to $13.10. Jones Apparel Group, Inc. is trading at a price to book ratio of 0.99. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.79 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.31. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1633590 shares of JNY exchange hands on a given day and today's volume is recorded at 654362. These factors combined make this company a prime takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.
The Jones Group Inc. (Jones) is a global designer, marketer and wholesaler of over 35 brands across five divisions: apparel, footwear, jeans wear, jewelry and handbags.
