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Jan 16, 2013 (Fast Lane via COMTEX) -- Below are the three companies in the Diversified Chemicals industry with the lowest price to book ratios. Often companies with the lowest ratio present the greatest value to investors.Penford (NASDAQ:PENX) is lowest with a price to book ratio of 1.44. Penford Corporation develops, manufactures, and markets specialty carbohydrate chemicals for papermaking and specialty food ingredients. The Company operates through its two subsidiaries, Penford Products Co. and Penford Food Ingredients Co. Over the past year, Penford has traded in a range of $5.30 to $9.94 and is now at $7.93, 50% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%.
Following is Cabot (NYSE:CBT) with a price to book ratio of 1.48. Finishing up the bottom three is Ashland (NYSE:ASH), with a price to book ratio of 1.65. ---------------------------------------------------------------------------------------------
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