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Tuesday, October 9, 2012

Potentially Oversold Level Reached (NASDAQ: SCSC)

Shares of SCSC fell by 3.30% or $-1.03/share to $30.20. NASDAQ is trading at a price to book ratio of 1.32. The PEG is 1.22. 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, 97882 shares of SCSC exchange hands on a given day and today's volume is recorded at 57030. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

ScanSource, Inc. is a wholesale distributor of specialty technology products, providing distribution sales to resellers in the specialty technology markets.