On2 Technologies Inc. is an AMEX listed security that has been trading in a range between $0.55 and $3.99 over the past year. With 112,860,900 shares outstanding, a recent price of $2.86 gives a total market capitalization of $318,267,730. While there are certainly larger companies, On2 Technologies Inc. has definitely earned its place in the pack. Last year, On2 Technologies Inc. created $-0.05 in earnings for every share outstanding.
On2 Technologies Inc. is currently priced by the market at 0.00 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, On2 Technologies Inc. is unlikely to be an interesting value proposition.
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