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Monday, October 17, 2011

Potential Takeover Candidate? (NASDAQ: ITRI)

Shares of ITRI traded higher by 2.88% or $0.96/share to $34.27. Itron, Inc. is trading at a price to book ratio of 0.84. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.82 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.57. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 487047 shares of ITRI exchange hands on a given day and today's volume is recorded at 292647. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Itron, Inc. (Itron) is a technology company, offering end-to-end smart metering solutions to electric, natural gas, and water utilities around the world.