Empire Resources, Inc. is an AMEX listed security that has been trading in a range between $8.10 and $16.90 over the past year. With 9,790,180 shares outstanding, a recent price of $10.08 gives a total market capitalization of $97,412,289. While there are certainly larger companies, Empire Resources, Inc. has definitely earned its place in the pack. Last year, Empire Resources, Inc. created $0.87 in earnings for every share outstanding.
Empire Resources, Inc. is currently priced by the market at 11.50 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, Empire Resources, Inc. could be an interesting value proposition.
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