Shares of MX traded higher by 2.24% or $0.36/share to $16.40. NYSE is trading at a price to book ratio of 1.84. The PEG is 0.27 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.7. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 731111 shares of MX exchange hands on a given day and today's volume is recorded at 292703. These factors combined may make this company a potential takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.
MagnaChip Semiconductor Corporation (MagnaChip Semiconductor) is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer applications.
