Shares of ASH fell by 2.73% or $-1.48/share to $52.83. Ashland Inc. is trading at a price to book ratio of 0.95. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.27. The price to sales ratio came in at 0.46. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 961928 shares of ASH exchange hands on a given day and today's volume is recorded at 1260199. 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.
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.
