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Thursday, November 10, 2011

Potentially Oversold Level Reached (NYSE: OMG)

Shares of OMG fell by 4.17% or $-1.14/share to $26.19. OM Group Inc. is trading at a price to book ratio of 0.64. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.87 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.71. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 292675 shares of OMG exchange hands on a given day and today's volume is recorded at 302135. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

OM Group, Inc. is a global solutions provider of specialty chemicals, advanced materials, electrochemical energy storage, and technologies.