TMCnet News
Relatively High P/E Ratio Detected in Shares of Kronos Worldwide in the Commodity Chemicals Industry (KRO, CCC, MEOH, HWKN, ARSD)Jun 12, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Commodity Chemicals 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.Kronos Worldwide ranks highest with a a P/E ratio of 36.09. Following is Calgon Carbon with a a P/E ratio of 29.98. Methanex ranks third highest with a a P/E ratio of 20.54. Hawkins follows with a a P/E ratio of 18.60, and Arabian American Dev rounds out the top five with a a P/E ratio of 15.56. SmarTrend recommended that subscribers consider buying shares of Hawkins on May 15th, 2013 as our technology indicated a new Uptrend was in progress when shares hit $38.93. Since that recommendation, shares of Hawkins have risen 4.2%. We continue to monitor Hawkins 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 |