Shares of WIRE fell by 2.70% or $-0.72/share to $25.97. NASDAQ is trading at a price to book ratio of 1.37. The PEG is 1.04 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 0.53. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 78956 shares of WIRE exchange hands on a given day and today's volume is recorded at 76229. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.
Encore Wire Corporation (Encore) is a manufacturer of copper electrical building wire and cable.
