Shares of TKR traded higher by 6.46% or $2.1/share to $34.61. Timken Co. is trading at a price to book ratio of 1.46. The PEG is 0.55 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.68. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1065670 shares of TKR exchange hands on a given day and today's volume is recorded at 865216. 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.
The Timken Company (Timken) develops, manufactures, markets and sells products for friction management and power transmission, alloy steels and steel components.
