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Tuesday, February 5, 2013

Undervalued Stock Detected (NASDAQ: CG)

Shares of CG fell by 1.35% or $-0.42/share to $30.60. NASDAQ is trading at a price to book ratio of 1.12. 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 0.42. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 91432 shares of CG exchange hands on a given day and today's volume is recorded at 31605. 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.