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Thursday, April 26, 2012

Potentially Oversold Level Reached (NYSE: PCS)

Shares of PCS fell by 12.34% or $-0.98/share to $6.96. NYSE is trading at a price to book ratio of 0.98. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.43 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.59. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 5401290 shares of PCS exchange hands on a given day and today's volume is recorded at 2601727. 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.

MetroPCS Communications, Inc. (MetroPCS Communications) is a facilities-based wireless broadband mobile communications provider in the United States, including the Atlanta, Boston, Dallas/Fort Worth, Detroit, Las Vegas, Los Angeles, Miami, New York, Orlando/Jacksonville, Philadelphia, Sacramento, San Francisco, and Tampa/Sarasota metropolitan areas.