Shares of NNI remained unchanged at $22.06. Nelnet Inc. is trading at a price to book ratio of 1.12. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.27 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.24. Thus, the company is not very expensive in terms of its sales. On average, 116065 shares of NNI exchange hands on a given day and today's volume is recorded at 29227. 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.
Nelnet, Inc. is a transaction processing and finance company focused primarily on providing education related products and services to students, families, schools and financial institutions nationwide.
