Relatively Low Price to Book Ratio Detected in Shares of Universal Stainless & Alloy in the Steel Industry (USAP, AP, FRD, SYNL, ATI)
Below are the three companies in the Steel industry with the lowest price to book ratios. Often companies with the lowest ratio present the greatest value to investors.
Universal Stainless & Alloy ranks lowest with a a price to book ratio of 0.40. Following is Ampco-Pittsburgh with a a price to book ratio of 0.54. Friedman Industries ranks third lowest with a a price to book ratio of 0.56.
Synalloy follows with a a price to book ratio of 0.73, and Allegheny Technologies rounds out the bottom five with a a price to book ratio of 0.77.
SmarTrend recommended that subscribers consider buying shares of Allegheny Technologies on July 12th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $14.87. Since that recommendation, shares of Allegheny Technologies have risen 12.9%. We continue to monitor Allegheny Technologies for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest price to book ratio universal stainless & alloy ampco-pittsburgh amex:frd friedman industries synalloy allegheny technologies