Nov 27, 2017
Ionics Inc (ION) - Analysis - November 27, 2017
Get this comprehensive analysis of Ionics Inc (ION) as of November 27, 2017. Trade independently. Invest profitably.
Ionics, Inc. (ION) booked an income of $2.32 million for the first 9 months of 2017. This translates to a net profit margin of 6.12 percent but EPS is too small to generate a meaningful P/E. The stock is also trading at 0.94x P/BV, undervalued versus the normal value of 1.00.
ION has been aggressively buying back shares from June 2016 to June 2017. Also, last November 8, 2017, ION disclosed that…
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