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Thursday, May 16, 2013

Potentially Oversold Level Reached (NYSE: GFF)

Shares of GFF traded higher by 0.77% or $0.085/share to $11.12. NYSE is trading at a price to book ratio of 0.94. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.61. The price to sales ratio came in at 0.33. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 126738 shares of GFF exchange hands on a given day and today's volume is recorded at 126836. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Griffon Corporation (Griffon) is a diversified management and holding company that conducts business through wholly owned subsidiaries.