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Friday, April 13, 2012

Potentially Oversold Level Reached (TSE: WJA.TO)

Shares of WJA traded higher by 0.43% or $0.06/share to $13.90. WestJet Airlines Ltd. is trading at a price to book ratio of 1.4. The price to sales ratio came in at 0.62. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 416987 shares of WJA.TO exchange hands on a given day and today's volume is recorded at 591234. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.