Shares of ASH traded higher by 2.83% or $1.47/share to $53.49. Ashland Inc. is trading at a price to book ratio of 0.98. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.73 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.62. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1004540 shares of ASH exchange hands on a given day and today's volume is recorded at 409313. 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.
Ashland Inc. (Ashland) business consists of four commercial units: Ashland Specialty Ingredients; Ashland Water Technologies; Ashland Performance Materials, and Ashland Consumer Markets (Valvoline).
