Shares of TECD traded higher by 3.45% or $1.67/share to $50.09. NASDAQ is trading at a price to book ratio of 1.0. 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 1.14 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 0.07. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 298557 shares of TECD exchange hands on a given day and today's volume is recorded at 127414. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.
Tech Data Corporation (Tech Data) is a wholesale distributor of technology products.
