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Exide Technologies is Among the Companies in the Auto Parts & Equipment Industry With the Lowest Forward P/E Ratio (XIDE, AXL, SORL, CAAS, STRT)
Feb 26, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Auto Parts & 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.Exide Technologies ranks lowest with a a forward P/E ratio of 3.73. Following is American Axle & Manufacturing with a a forward P/E ratio of 4.83. SORL Auto Parts ranks third lowest with a a forward P/E ratio of 5.16.
China Automotive Systems follows with a a forward P/E ratio of 6.42, and Strattec Security rounds out the bottom five with a a forward P/E ratio of 7.49.
SmarTrend recommended that subscribers consider buying shares of SORL Auto Parts on January 3rd, 2013 as our technology indicated a new Uptrend was in progress when shares hit $2.90. Since that recommendation, shares of SORL Auto Parts have risen 29.2%. We continue to monitor SORL Auto Parts 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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