Shares of ALR fell by 0.59% or $-0.14/share to $23.75. NYSE is trading at a price to book ratio of 1.18. 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 0.75 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.8. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 644703 shares of ALR exchange hands on a given day and today's volume is recorded at 389637. 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.
Alere Inc. is engaged in developing capabilities in near-patient diagnosis, monitoring and health management.
