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Tuesday, April 10, 2012

Potentially Oversold Level Reached (NYSE: ABH)

Shares of ABH fell by 1.69% or $-0.23/share to $13.37. AbitibiBowater Inc. Common Stoc is trading at a price to book ratio of 0.39. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.96. The price to sales ratio came in at 0.28. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 305627 shares of ABH exchange hands on a given day and today's volume is recorded at 428071. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

AbitibiBowater Inc. (AbitibiBowater) is the global forest products company.