Shares of ASH fell by 2.74% or $-1.58/share to $56.07. Ashland Inc. is trading at a price to book ratio of 1.01. 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 1.27. The price to sales ratio came in at 0.49. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 925511 shares of ASH exchange hands on a given day and today's volume is recorded at 379748. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
Ashland Inc. (Ashland) business consists of five segments: Ashland Aqualon Functional Ingredients; Ashland Hercules Water Technologies; Ashland Performance Materials; Ashland Consumer Markets (Valvoline), and Ashland Distribution.
