Shares of TECD fell by 7.20% or $-3.76/share to $48.47. NASDAQ is trading at a price to book ratio of 1.07. 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 1.82. The price to sales ratio came in at 0.08. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 280375 shares of TECD exchange hands on a given day and today's volume is recorded at 365394. These financial metrics combined make this company seem undervalued. 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.
