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Friday, July 22, 2011

Potentially Oversold Level Reached (NYSE: GNW)

Shares of GNW traded higher by 3.59% or $0.295/share to $8.50. Genworth Financial Inc. is trading at a price to book ratio of 0.29. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.99. 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, 6837780 shares of GNW exchange hands on a given day and today's volume is recorded at 4158093. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Genworth Financial, Inc. is a financial security company engaged in providing insurance, wealth management, investment and financial solutions to more than 15 million customers, with a presence in more than 25 countries.