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Wednesday, February 6, 2013

Potentially Oversold Level Reached (NASDAQ: CG)

Shares of CG traded higher by 2.62% or $0.7999/share to $31.29. NASDAQ is trading at a price to book ratio of 1.1. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 1.22. The price to sales ratio came in at 0.41. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 95742 shares of CG exchange hands on a given day and today's volume is recorded at 25415. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.