Shares of FRED fell by 0.73% or $-0.1/share to $13.55. Fred's Inc. is trading at a price to book ratio of 1.24. 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 1.27. The price to sales ratio came in at 0.28. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 347362 shares of FRED exchange hands on a given day and today's volume is recorded at 145202. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
FRED?S Inc. (FRED?S) operates discount general merchandise stores in 15 states primarily in the southeastern United States.
