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Thursday, July 14, 2011

Potentially Oversold Level Reached (TSE: LNR.TO)

Shares of LNR fell by 0.34% or $-0.07/share to $20.55. Linamar Corporation is trading at a price to book ratio of 1.5. The PEG is 0.37 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.56. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 45706 shares of LNR.TO exchange hands on a given day and today's volume is recorded at 36545. 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.

TSE:LNR.TO - Google Finance Search