Shares of STLD fell by 10.13% or $-1.14/share to $10.11. Steel Dynamics Inc. is trading at a price to book ratio of 1.08. 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 0.4 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.34. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 3630320 shares of STLD exchange hands on a given day and today's volume is recorded at 7319428. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
Steel Dynamics, Inc. is a steel producer and metals recycler in the United States.
