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Wednesday, August 10, 2011

Potentially Oversold Level Reached (NYSE: RCL)

Shares of RCL fell by 5.82% or $-1.49/share to $24.13. Royal Caribbean Cruises Ltd. is trading at a price to book ratio of 0.67. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.62 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.78. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 3143350 shares of RCL exchange hands on a given day and today's volume is recorded at 1929907. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Royal Caribbean Cruises Ltd. (Royal Caribbean) is a cruise company.