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Friday, February 22, 2013

Potential Takeover Candidate? (NYSE: PAY)

Shares of PAY traded higher by 1.96% or $0.358/share to $18.60. NYSE is trading at a price to book ratio of 1.51. The PEG is 0.28 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.06. Thus, the company is not very expensive in terms of its sales. On average, 3339520 shares of PAY exchange hands on a given day and today's volume is recorded at 1444164. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

VeriFone Systems, Inc. (VeriFone), formerly VeriFone Holdings, Inc.