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Tuesday, February 26, 2013

Undervalued Stock Detected (NYSE: MGA)

Shares of MGA traded higher by 0.10% or $0.05/share to $51.36. NYSE is trading at a price to book ratio of 1.31. The PEG is 0.83 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.4. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 611066 shares of MGA exchange hands on a given day and today's volume is recorded at 271777. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Magna International Inc. (Magna) is a diversified global automotive supplier.