Shares of STM traded higher by 1.23% or $0.085/share to $7.00. STMicroelectronics NV 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 0.65 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.63. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 2039070 shares of STM exchange hands on a given day and today's volume is recorded at 461435. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
STMicroelectronics N.V. is an independent semiconductor company that designs, develops, manufactures and markets a range of semiconductor products used in a variety of microelectronic applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems.
