Shares of DOLE traded higher by 1.57% or $0.175/share to $11.30. NYSE is trading at a price to book ratio of 1.08. 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 1.34. The price to sales ratio came in at 0.14. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1316630 shares of DOLE exchange hands on a given day and today's volume is recorded at 532434. 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.
Dole Food Company, Inc. (Dole) is a producer, marketer and distributor of fresh fruit and fresh vegetables.
