Shares of TECD fell by 1.27% or $-0.67/share to $52.02. Tech Data Corp. is trading at a price to book ratio of 1.16. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 1.06 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 0.1. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 434465 shares of TECD exchange hands on a given day and today's volume is recorded at 87085. 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.
Tech Data Corporation (Tech Data) is a distributor of information technology (IT) products, logistics management and other value-added services.
