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Friday, December 14, 2012

Potential Takeover Candidate? (NASDAQ: JASO)

Shares of JASO traded higher by 5.49% or $0.217/share to $4.17. NASDAQ is trading at a price to book ratio of 0.88. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.05 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.69. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 216871 shares of JASO exchange hands on a given day and today's volume is recorded at 86891. 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.

JA Solar Holdings Co., Ltd. (JA Solar) is engaged in the business of designing, developing, manufacturing and selling solar cell and solar module products.