Shares of ENS traded higher by 11.06% or $2.44/share to $24.50. EnerSys 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 1.36. The price to sales ratio came in at 0.53. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 743649 shares of ENS exchange hands on a given day and today's volume is recorded at 310860. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
EnerSys is a manufacturer, marketer and distributor of industrial batteries.
