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Tuesday, January 15, 2013

Excellent Stock Value (NASDAQ: TTMI)

Shares of TTMI fell by 9.73% or $-0.89/share to $8.26. NASDAQ is trading at a price to book ratio of 1.19. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.59 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.56. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 314370 shares of TTMI exchange hands on a given day and today's volume is recorded at 152995. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

TTM Technologies, Inc. (TTM) is a global provider of printed circuit board (PCB) products and backplane assemblies (PCBs populated with electronic components), which serve as the foundation of electronic products.