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Tuesday, February 26, 2013

Potentially Oversold Level Reached (NYSE: TX)

Shares of TX fell by 1.04% or $-0.21/share to $20.04. NYSE is trading at a price to book ratio of 0.73. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.57 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.46. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 510953 shares of TX exchange hands on a given day and today's volume is recorded at 921811. 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.

Ternium S.A. (Ternium) is a steel company in Latin America, manufacturing and processing a range of flat and long steel products for customers active in the construction, home appliances, capital goods, container, food, energy and automotive industries.