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Friday, July 8, 2011

Stocks with Strong Financial Metrics (NYSE: MHK)

Shares of MHK fell by 2.53% or $-1.46/share to $56.20. Mohawk Industries Inc. is trading at a price to book ratio of 1.16. 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 1.09 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 0.75. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 480300 shares of MHK exchange hands on a given day and today's volume is recorded at 214726. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Mohawk Industries, Inc., (Mohawk) is a producer of floor covering products for residential and commercial applications in the United States and residential applications in Europe.