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Friday, May 25, 2012

Undervalued Stock Detected (TSE: IAG.TO)

Shares of IAG traded higher by 0.63% or $0.16/share to $25.60. TSE is trading at a price to book ratio of 0.97. This indicates that the value of the company's underlying assets exceeds today's market price. The price to sales ratio came in at 0.29. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 229061 shares of IAG.TO exchange hands on a given day and today's volume is recorded at 92497. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.