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Relatively High P/E Ratio Detected in Shares of Molycorp in the Diversified Metals & Mining Industry (MCP, RTI, TIE, GSM, MTRN)Jan 10, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Diversified Metals & Mining industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Molycorp ranks highest with a a P/E ratio of 63.47. RTI International Metals is next with a a P/E ratio of 48.26. Titanium Metals ranks third highest with a a P/E ratio of 27.97. Globe Specialty Metals follows with a a P/E ratio of 22.62, and Materion rounds out the top five with a a P/E ratio of 22.34. SmarTrend recommended that subscribers consider buying shares of Molycorp on November 23rd, 2012 as our technology indicated a new Uptrend was in progress when shares hit $8.17. Since that recommendation, shares of Molycorp have risen 31.3%. We continue to monitor Molycorp 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 |