Shares of AVT fell by 7.63% or $-2.0/share to $24.21. Avnet Inc. is trading at a price to book ratio of 1.07. 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 0.29 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.16. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1476510 shares of AVT exchange hands on a given day and today's volume is recorded at 2363544. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.
Avnet, Inc. (Avnet), along with its subsidiaries, is an industrial distributor of electronic components, enterprise computer and storage products and embedded subsystems.