Shares of ITRI fell by 2.06% or $-0.88/share to $41.82. Itron, 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 1.04 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 0.73. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 411541 shares of ITRI exchange hands on a given day and today's volume is recorded at 555792. 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.
Itron, Inc. (Itron) is a technology company, offering end-to-end smart metering solutions to electric, natural gas, and water utilities around the world.
