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Digital Ally is Among the Companies in the Electronic Equipment & Instruments Industry With the Lowest Forward P/E Ratio (DGLY, TESS, HOLI, NEWP, API)Nov 26, 2012 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Electronic Equipment & Instruments industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Digital Ally ranks lowest with a a forward P/E ratio of 4.48. Following is Tessco Technologies with a a forward P/E ratio of 7.95. Hollysys Automation Technologies ranks third lowest with a a forward P/E ratio of 8.56. Newport follows with a a forward P/E ratio of 8.86, and Advanced Photonix rounds out the bottom five with a a forward P/E ratio of 9.17. SmarTrend recommended that its subscribers protect gains by selling shares of Advanced Photonix on September 28th, 2012 by issuing a Downtrend alert when the shares were trading at $0.59. Since that call, shares of Advanced Photonix have fallen 6.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |