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Monday, June 4, 2012

Potentially Oversold Level Reached (NASDAQ: BPOP)

Shares of BPOP fell by 3.43% or $-0.49/share to $13.78. NASDAQ is trading at a price to book ratio of 0.37. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.11 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 1.09. Thus, the company is not very expensive in terms of its sales. On average, 914930 shares of BPOP exchange hands on a given day and today's volume is recorded at 370184. 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.

Popular, Inc. (Popular) is a diversified, publicly owned bank holding company.