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Monday, December 17, 2012

Potentially Oversold Level Reached (NYSE: TG)

Shares of TG traded higher by 2.43% or $0.47/share to $19.80. NYSE is trading at a price to book ratio of 1.52. The PEG is 0.74 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.72. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 76413 shares of TG exchange hands on a given day and today's volume is recorded at 37832. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Tredegar Corporation (Tredegar) is primarily engaged, through its subsidiaries, in the manufacture of plastic films and aluminum extrusions.