Shares of PHH traded higher by 2.34% or $0.49/share to $21.40. NYSE is trading at a price to book ratio of 0.79. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.21. The price to sales ratio came in at 0.51. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 794533 shares of PHH exchange hands on a given day and today's volume is recorded at 650555. 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.
PHH Corporation (PHH) is an outsource provider of mortgage and fleet management services.
