Shares of GEO traded higher by 2.28% or $0.42/share to $18.81. The GEO Group, Inc. is trading at a price to book ratio of 1.14. 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 0.83 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.86. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 509012 shares of GEO exchange hands on a given day and today's volume is recorded at 768043. These factors combined may make this company a potential takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.
The GEO Group, Inc. (GEO) is a provider of government-outsourced services specializing in the management of correctional, detention, mental health, residential treatment and re-entry facilities, and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.
