Relatively Low Price to Book Ratio Detected in Shares of Iridiummmunications in the Alternative Carriers Industry (IRDM, ORBC, PGI, LVLT, VG)
Below are the three companies in the Alternative Carriers industry with the lowest price to book ratios. Often companies with the lowest ratio present the greatest value to investors.
Iridiummmunications ranks lowest with a a price to book ratio of 0.65. Following is ORBCOMM with a a price to book ratio of 2.42. Premiere Global Services ranks third lowest with a a price to book ratio of 2.64.
Level 3 Communications follows with a a price to book ratio of 2.98, and Vonage rounds out the bottom five with a a price to book ratio of 3.43.
SmarTrend recommended that subscribers consider buying shares of Vonage on June 1st, 2016 as our technology indicated a new Uptrend was in progress when shares hit $4.62. Since that recommendation, shares of Vonage have risen 29.4%. We continue to monitor Vonage for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest price to book ratio iridiummmunications orbcomm premiere global services level 3 communications vonage