Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, May 8, 2012

Potential Takeover Candidate? (TSE: RON.TO)

Shares of RON remained unchanged at $10.50. TSE is trading at a price to book ratio of 0.76. 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, 411597 shares of RON.TO exchange hands on a given day and today's volume is recorded at 294900. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.