Shares of UFCS traded higher by 0.67% or $0.14/share to $21.06. NASDAQ is trading at a price to book ratio of 0.77. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.46. The price to sales ratio came in at 0.71. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 63250 shares of UFCS exchange hands on a given day and today's volume is recorded at 18578. These factors combined may make this company a potential takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.
United Fire Group, Inc., formerly United Fire & Casualty Company, is engaged in the business of writing property and casualty insurance and life insurance and selling annuities.
