Shares of ADM fell by 4.30% or $-1.31/share to $29.17. Archer Daniels Midland Company is trading at a price to book ratio of 1.17. 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 0.94 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.26. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 6989370 shares of ADM exchange hands on a given day and today's volume is recorded at 2875943. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
Archer Daniels Midland Company is principally engaged in procuring, transporting, storing, processing, and merchandising agricultural commodities and products.
