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Friday, February 22, 2013

Undervalued Stock Detected (NYSE: BMA)

Shares of BMA fell by 0.27% or $-0.04/share to $14.91. NYSE is trading at a price to book ratio of 0.68. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.35 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.76. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 102184 shares of BMA exchange hands on a given day and today's volume is recorded at 184209. 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.

Banco Macro SA is an Argentina-based financial institution.