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Thursday, April 5, 2012

Undervalued Stock Detected (TSE: RON.TO)

Shares of RON fell by 0.48% or $-0.05/share to $10.30. RONA inc. is trading at a price to book ratio of 0.75. This indicates that the value of the company's underlying assets exceeds today's market price. 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, 360264 shares of RON.TO exchange hands on a given day and today's volume is recorded at 1531786. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.