Shares of OC traded higher by 1.13% or $0.28/share to $25.14. Owens Corning is trading at a price to book ratio of 0.81. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.47 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.61. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 2117020 shares of OC exchange hands on a given day and today's volume is recorded at 893609. 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.
Owens Corning is a producer of glass fiber reinforcements and other materials for composites and of residential and commercial building materials.
