Navigate this market better. Subscribe for FREE stock alerts and information.

Monday, June 20, 2011

Potentially Oversold Level Reached (NYSE: DOLE)

Shares of DOLE fell by 2.33% or $-0.3/share to $12.57. Dole Food Company Inc. is trading at a price to book ratio of 1.39. 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 0.16. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 322083 shares of DOLE exchange hands on a given day and today's volume is recorded at 67386. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Dole Food Company, Inc. (Dole) is a producer, marketer and distributor of fresh fruit and fresh vegetables.