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Friday, December 2, 2011

Potential Takeover Candidate? (NYSE: KT)

Shares of KT traded higher by 1.68% or $0.27/share to $16.35. KT Corp. is trading at a price to book ratio of 0.81. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.01 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 0.4. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 793375 shares of KT exchange hands on a given day and today's volume is recorded at 318372. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.

KT Corporation is a Korean-based company engaged in the provision of integrated telecommunications services.