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Thursday, August 4, 2011

Undervalued Stock Detected (NASDAQ: TTMI)

Shares of TTMI fell by 7.55% or $-1.02/share to $12.49. TTM Technologies Inc. is trading at a price to book ratio of 1.43. The PEG is 0.4 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.79. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 918394 shares of TTMI exchange hands on a given day and today's volume is recorded at 1663877. 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.

TTM Technologies, Inc. (TTM) is a provider of printed circuit board (PCB) products and backplane assemblies (PCBs populated with electronic components).