Shares of BGC traded higher by 2.31% or $0.91/share to $40.36. General Cable Corp. is trading at a price to book ratio of 1.33. The PEG is 0.86 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.39. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 718305 shares of BGC exchange hands on a given day and today's volume is recorded at 145213. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.
General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty and communications markets.
