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Wednesday, February 29, 2012

Potentially Oversold Level Reached (NASDAQ: ESLT)

Shares of ESLT traded higher by 3.80% or $1.34/share to $36.64. Elbit Systems Ltd. is trading at a price to book ratio of 1.59. The PEG is 0.74 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.54. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 7918 shares of ESLT exchange hands on a given day and today's volume is recorded at 4150. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Elbit Systems Ltd. (Elbit Systems) is an international defense electronics company engaged in a range of programs throughout the world.