TMCnet News
Tongxin International has the Lowest Price to Book Ratio in the Auto Parts & Equipment Industry (TXIC, SORL, BLDP, CAAS, FDML)Jan 04, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Auto Parts & Equipment industry with the lowest price to book ratios. Often companies with the lowest ratio present the greatest value to investors.Tongxin International ranks lowest with a a price to book ratio of 0.11. Following is SORL Auto Parts with a a price to book ratio of 0.34. Ballard Power Systems ranks third lowest with a a price to book ratio of 0.68. China Automotive Systems follows with a a price to book ratio of 0.80, and Federal Mogul rounds out the bottom five with a a price to book ratio of 0.91. SmarTrend recommended that subscribers consider buying shares of Tongxin International on November 26th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $0.45. Since that recommendation, shares of Tongxin International have risen 55.5%. We continue to monitor Tongxin International for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. 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 |