Shares of CMC traded higher by 4.44% or $0.53/share to $12.47. NYSE is trading at a price to book ratio of 1.11. 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 1.46. The price to sales ratio came in at 0.17. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1214820 shares of CMC exchange hands on a given day and today's volume is recorded at 495050. 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.
Commercial Metals Company recycles, manufactures, fabricates and distributes steel and metal products and related materials and services through a network of locations throughout the United States and internationally.
