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Monday, January 14, 2013

Potential Takeover Candidate? (NYSE: IX)

Shares of IX traded higher by 0.43% or $0.23/share to $53.23. NYSE is trading at a price to book ratio of 0.06. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.49 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.09. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 11426 shares of IX exchange hands on a given day and today's volume is recorded at 2771. 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.

ORIX CORPORATION is a financial company. The Corporate Financial Service segment is engaged in financing, leasing and financial instrument selling.