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Monday, October 10, 2011

Potentially Oversold Level Reached (NYSE: CVG)

Shares of CVG traded higher by 3.37% or $0.31/share to $9.52. Convergys Corporation is trading at a price to book ratio of 0.9. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.17 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 0.5. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1132140 shares of CVG exchange hands on a given day and today's volume is recorded at 913795. 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.

Convergys Corporation (Convergys) is engaged in relationship management.