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Tickers in this Article: P, BLOX, CLF, COO, CMG, MLM, IOC
The Nasdaq has decreased 0.2%, the S&P 500 has increased 0.3% and the Dow has been relatively flat this morning. The NYSE is a stock exchange based in New York City, considered the largest equities-based exchange in the world based on total market capitalization of its listed securities.

The biggest movers traded on the NYSE so far are:
CompanyMarket CapPercentage Change
Pandora Media (NYSE:P)$2.12 billion-18.1%
INFOBLOX INC COM (NYSE:BLOX)$1.07 billion-14.5%
Cliffs Natural Resources (NYSE:CLF)$4.97 billion+10.3%
Cooper Companies (NYSE:COO)$4.14 billion+8.6%
Chipotle Mexica (NYSE:CMG)$9.58 billion+6.3%
Martin Marietta Materials (NYSE:MLM)$3.55 billion+4.9%
InterOil Corporation (NYSE:IOC)$3.84 billion+4.4%
Broker Summary: TD Ameritrade Thinkorswim

After a precipitous drop of 18.1%, Pandora Media (NYSE:P) is now trading at a share price of $10.30. At 11.8 million shares, the company's volume so far today is 1.4 times the current daily average. In technical analysis, trading volume is used to determine the strength of a market indicator. Valuation ratios include the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. One of the favorite tools of many value investors is analyzing price/book value ratios, as it provides a measure of the underlying value of a company's assets as compared to the valuation of its equity. P's stock is trading for more than its book value with a P/B ratio of 18.39. This high share price relative to asset value is likely to indicate that the company has been earning a very high return on its assets. All else being equal, a stock with a low P/B value ratio is more attractive than a stock with a high ratio. SEE: Investment Valuation Ratios: Price/Book Value Ratio

INFOBLOX INC COM (NYSE:BLOX) is at a share price of $20 after a sharp decline of 14.5%. The company is currently trading a volume of 292,962 shares. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. A price/sales ratio is derived by dividing stock market price by company sales. BLOX's P/S ratio of 5.7 is on the high side. This could be a good sign if the share price increases. It is important to compare P/S ratios for companies in the same industry, as ratios can vary quite widely for companies in different industries.

Cliffs Natural Resources (NYSE:CLF) is trading at $38.46 per share, a significant rise of 10.3%. The company's volume is currently seven million shares for the day,. Volume indicates the level of interest that investors have in a company at its current price. Investors can use valuation ratios as tools to estimate what kind of deal a particular investment is. The debt ratio shows the proportion of assets that a company is financing through debt. CLF's debt ratio is 58.6%. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.

Cooper Companies (NYSE:COO) is up 8.6% to reach a current price of $93.45 per share. This morning, the company is trading a volume of 1.2 million shares. This is 3.9 times the current three-month average. High volume indicates a lot of investor interest while low volume indicates the opposite. A company's value as an investment is more easily estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. To a large degree, the debt-equity (D/E) ratio provides another vantage point on a company's leverage position, in this case, comparing total liabilities to shareholders' equity, as opposed to total assets in the debt ratio. COO has a low debt-equity ratio of 16%. Companies with low D/E ratios are more attractive to investors because they are better able to protect their business interests in times of decline. The D/E ratio percentage provides a much more dramatic perspective on a company's leverage position than the debt ratio percentage.

Increasing 6.3%, Chipotle Mexica (NYSE:CMG) is trading at $321.23 per share. At 1.1 million shares, the company's volume so far today is 2.2 times the average daily volume. The trading volume for a stock indicates the level of investor interest. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. There are generally two price/earnings ratios calculated: the first, called the trailing Price/Earnings ratio, is calculated using the previous years actual earnings; the second, called forward Price/Earnings ratio, is calculated using the next year's estimated earnings. Compared to the industry average of 19.87, CMG's P/E ratio of 36.7 is quite high. Generally speaking, the higher the P/E ratio, the higher the market expectations for a company's future performance. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: The P/E Ratio: A Good Market-Timing Indicator

Martin Marietta Materials (NYSE:MLM) has increased to a share price of $81.22, a 4.9% rise. The company's volume for the day so far is 313,302 shares. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest. In making a decision about a potential or existing investment, valuation ratios are useful as a basis for seeing whether the stock price is too high, reasonable, or a bargain. The capitalization ratio measures the debt component of the capital structure, or capitalization of a company (i.e., the sum of long-term debt liabilities and shareholder equity) to support operations and growth. MLM has a capitalization ratio of 44.5%. Prudent use of leverage (debt) increases the financial resources available to a company for growth and expansion.

InterOil Corporation (NYSE:IOC) is currently trading at $83 per share, a 4.4% increase. This morning, 378,128 shares have been traded, with trading activity in keeping with yesterday's while it was 765,655 shares yesterday. Volume is an important indicator because it indicates how significant a price shift is. Investment valuation ratios can be very useful in determining the value of a stock, but it is very important to keep in mind that while some financial ratios have general rules (or a broad application), in most instances it is a prudent practice to look at a company's historical performance and use peer company/industry comparisons to put any given company's ratio in perspective. The price/book value ratio is especially important for value investors as it can provide an indication of the true value of a company's assets at a time when its business model may be failing. IOC has a P/B ratio of 11.32 which shows that its share price is higher than its book value. This may be a sign that the company is overvalued. P/B has its shortcomings but is still widely used as a valuation metric, more relevant for use by investors looking at capital-intensive or finance-related businesses, such as banks; book value does not carry much meaning for service-based firms with few tangible assets. SEE: How Buybacks Warps The Price-To-Book Ratio

The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.

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