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Friday, July 6, 2012

Potential Takeover Candidate? (NYSE: HNT)

Shares of HNT fell by 0.40% or $-0.1/share to $24.65. NYSE is trading at a price to book ratio of 1.45. The PEG is 1.14 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 0.18. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1204850 shares of HNT exchange hands on a given day and today's volume is recorded at 521532. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Health Net, Inc. is a managed care company that delivers managed health care services through health plans and Government-sponsored managed care plans.