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Friday, January 11, 2013

Undervalued Stock Detected (NYSE: ACCO)

Shares of ACCO traded higher by 2.18% or $0.17/share to $7.97. NYSE is trading at a price to book ratio of 1.3. The PEG is 0.96 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.56. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 783459 shares of ACCO exchange hands on a given day and today's volume is recorded at 440410. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

ACCO Brands Corporation is a supplier of office products to the office products resale industry.