Shares of VECO traded higher by 12.99% or $3.4434/share to $29.95. Veeco Instruments Inc. is trading at a price to book ratio of 1.42. The PEG is 0.45 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.96. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1759310 shares of VECO exchange hands on a given day and today's volume is recorded at 1434748. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
Veeco Instruments Inc. designs, manufactures and markets equipment to make light emitting diodes (LEDs), solar panels, hard-disk drives and other devices.
