Shares of ALU fell by 6.12% or $-0.1407/share to $2.16. Alcatel-Lucent is trading at a price to book ratio of 1.08. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.99 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.22. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 28894400 shares of ALU exchange hands on a given day and today's volume is recorded at 6716042. 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.
Alcatel Lucent is engaged in mobile, fixed, Internet Protocol (IP) and optics technologies, applications and services.
