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Wednesday, June 15, 2011

Undervalued Stock Detected (NASDAQ: TTMI)

Shares of TTMI traded higher by 5.45% or $0.77/share to $14.91. TTM Technologies Inc. is trading at a price to book ratio of 1.49. The PEG is 0.39 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.83. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 871838 shares of TTMI exchange hands on a given day and today's volume is recorded at 360489. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.

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.