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Monday, May 7, 2012

Excellent Stock Value (NASDAQ: ASTE)

Shares of ASTE traded higher by 1.44% or $0.415/share to $29.18. NASDAQ is trading at a price to book ratio of 1.2. 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 0.64 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.66. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 133908 shares of ASTE exchange hands on a given day and today's volume is recorded at 39977. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Astec Industries, Inc.designs, engineers, manufactures and markets equipment and components used primarily in road building, utility and related construction activities, as well as other products.