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Wednesday, January 23, 2013

Undervalued Stock Detected (NYSE: UMC)

Shares of UMC fell by 0.26% or $-0.005/share to $1.94. NYSE is trading at a price to book ratio of 0.7. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.8 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.27. Thus, the company is not very expensive in terms of its sales. On average, 2441180 shares of UMC exchange hands on a given day and today's volume is recorded at 1129620. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.

United Microelectronics Corp. is principally engaged in the manufacturing of semiconductor products.