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Relatively Low Forward P/E Ratio Detected in Shares of Lime Energy in the Electrical Components & Equipment Industry (LIME, JST, CCIX, GTI, ENS)
Feb 26, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Electrical Components & Equipment 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.Lime Energy ranks lowest with a a forward P/E ratio of 3.75. Jinpan International is next with a a forward P/E ratio of 5.65. Coleman Cable ranks third lowest with a a forward P/E ratio of 6.49.
GrafTech International follows with a a forward P/E ratio of 10.39, and EnerSys rounds out the bottom five with a a forward P/E ratio of 11.09.
SmarTrend recommended that subscribers consider buying shares of EnerSys on November 27th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $34.14. Since that recommendation, shares of EnerSys have risen 16.3%. We continue to monitor EnerSys for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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