Shares of MOH traded higher by 3.80% or $0.81/share to $22.13. 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 1.33. The price to sales ratio came in at 0.2. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1121160 shares of MOH exchange hands on a given day and today's volume is recorded at 483790. 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.
Molina Healthcare, Inc. provides Medicaid-related solutions to meet the health care needs of low-income families and individuals, and to assist state agencies in their administration of the Medicaid program.
