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Thursday, February 21, 2013

Potentially Oversold Level Reached (TSE: RON.TO)

Shares of RON fell by 2.49% or $-0.3/share to $11.76. TSE is trading at a price to book ratio of 0.87. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.8. The price to sales ratio came in at 0.3. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 260910 shares of RON.TO exchange hands on a given day and today's volume is recorded at 611661. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.