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Friday, June 17, 2011

Potential Takeover Candidate? (NASDAQ: TTMI)

Shares of TTMI traded higher by 1.76% or $0.26/share to $15.03. TTM Technologies Inc. is trading at a price to book ratio of 1.56. The PEG is 0.42 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.87. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 894312 shares of TTMI exchange hands on a given day and today's volume is recorded at 229913. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

TTM Technologies, Inc. (TTM) is a one-stop provider of printed circuit boards (PCBs) and backplane assemblies, which serve as the foundation of electronic products.