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Thursday, January 17, 2013

Potentially Oversold Level Reached (NYSE: MGA)

Shares of MGA traded higher by 1.68% or $0.89/share to $53.74. NYSE is trading at a price to book ratio of 1.35. The PEG is 1.13 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 0.41. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 591738 shares of MGA exchange hands on a given day and today's volume is recorded at 126352. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Magna International Inc. (Magna) is a diversified global automotive supplier.