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Friday, September 16, 2011

Potentially Oversold Level Reached (NYSE: AGP)

Shares of AGP fell by 4.33% or $-1.92/share to $42.45. AMERIGROUP Corporation is trading at a price to book ratio of 1.7. The PEG is 0.85 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.36. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1773090 shares of AGP exchange hands on a given day and today's volume is recorded at 743579. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

AMERIGROUP Corporation is a multi-state managed healthcare company focused on serving people who receive healthcare benefits through publicly funded healthcare programs, including Medicaid, Children?s Health Insurance Program (CHIP), Medicaid expansion programs and Medicare Advantage.