Shares of MGA traded higher by 3.34% or $1.78/share to $55.00. NYSE is trading at a price to book ratio of 1.35. The PEG is 0.84 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.41. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 642540 shares of MGA exchange hands on a given day and today's volume is recorded at 293920. 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.
Magna International Inc. (Magna) is a diversified global automotive supplier.