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Should Value Investors Buy AAC Technologies (AACAY) Stock?
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company to watch right now is AAC Technologies (AACAY - Free Report) . AACAY is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 17.92 right now. For comparison, its industry sports an average P/E of 22.59. Over the past year, AACAY's Forward P/E has been as high as 25.11 and as low as 14.02, with a median of 18.00.
Another notable valuation metric for AACAY is its P/B ratio of 2.04. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 3.17. Within the past 52 weeks, AACAY's P/B has been as high as 2.55 and as low as 1.36, with a median of 1.79.
These are just a handful of the figures considered in AAC Technologies's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that AACAY is an impressive value stock right now.
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Should Value Investors Buy AAC Technologies (AACAY) Stock?
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company to watch right now is AAC Technologies (AACAY - Free Report) . AACAY is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 17.92 right now. For comparison, its industry sports an average P/E of 22.59. Over the past year, AACAY's Forward P/E has been as high as 25.11 and as low as 14.02, with a median of 18.00.
Another notable valuation metric for AACAY is its P/B ratio of 2.04. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 3.17. Within the past 52 weeks, AACAY's P/B has been as high as 2.55 and as low as 1.36, with a median of 1.79.
These are just a handful of the figures considered in AAC Technologies's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that AACAY is an impressive value stock right now.