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Friday, January 25, 2013

Potentially Oversold Level Reached (NYSE: TEX)

Shares of TEX traded higher by 5.23% or $1.4882/share to $29.92. NYSE is trading at a price to book ratio of 1.52. The PEG is 0.38 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.41. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 2352090 shares of TEX exchange hands on a given day and today's volume is recorded at 785537. 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.