Shares of WDC fell by 4.64% or $-1.67/share to $34.29. NYSE is trading at a price to book ratio of 1.27. 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 0.22 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.92. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 4842660 shares of WDC exchange hands on a given day and today's volume is recorded at 1993239. 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.
Western Digital Corporation (WD) is a provider of solutions for the collection, storage, management, protection and use of digital content, including audio and video.
