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Friday, March 23, 2012

Potentially Oversold Level Reached (TSE: ARE.TO)

Shares of ARE fell by 0.68% or $-0.09/share to $13.20. Aecon Group Inc. is trading at a price to book ratio of 1.46. The price to sales ratio came in at 0.24. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 312528 shares of ARE.TO exchange hands on a given day and today's volume is recorded at 86292. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.