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Tuesday, January 29, 2013

Undervalued Stock Detected (NYSE: BAK)

Shares of BAK traded higher by 1.45% or $0.21/share to $14.69. NYSE is trading at a price to book ratio of 1.41. The PEG is 0.52 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.33. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 295405 shares of BAK exchange hands on a given day and today's volume is recorded at 118938. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Braskem SA, formerly Copene Petroquimica do Nordeste SA, is a Brazil-based company primarily engaged in the manufacture of basic petrochemical products.