Shares of MGA fell by 10.15% or $-4.49/share to $39.75. Magna International, Inc. is trading at a price to book ratio of 1.26. 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 0.65 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.41. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1115560 shares of MGA exchange hands on a given day and today's volume is recorded at 490973. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.
Magna International Inc. (Magna) is a diversified global automotive supplier.
