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Thursday, January 24, 2013

Potentially Oversold Level Reached (TSE: NKO.TO)

Shares of NKO traded higher by 3.13% or $0.3/share to $9.88. TSE is trading at a price to book ratio of 0.63. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.14 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.91. On average, 469178 shares of NKO.TO exchange hands on a given day and today's volume is recorded at 321404. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.