Shares of FRED fell by 2.38% or $-0.36/share to $14.75. NASDAQ is trading at a price to book ratio of 1.31. The PEG is 1.15 suggesting that the shares are attractively priced relative to the firm's growth rate. 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, 275124 shares of FRED exchange hands on a given day and today's volume is recorded at 206392. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.
Fred's, Inc. is engaged in the sale of general merchandise through its retail discount stores and full-service pharmacies.
