Navigate this market better. Subscribe for FREE stock alerts and information.

Monday, April 30, 2012

Undervalued Stock Detected (NASDAQ: KALU)

Shares of KALU traded higher by 0.63% or $0.33/share to $52.48. NASDAQ is trading at a price to book ratio of 1.14. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.99 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.76. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 140892 shares of KALU exchange hands on a given day and today's volume is recorded at 57407. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products.