5 Penny Stocks Poised For a Big Move

One valuation metric that is useful is the traditional P/E ratio

SmallCapPower | July 12, 2016: Penny stocks that are currently trading at a high price to earnings (P/E) ratio could be set for a big fall. Thus, our analysts have identified five penny stocks that appear to be attractive based on a relatively low P/E.

Firan Technology Group Corp. (TSE:FTG) – $2.53
Aerospace & Defense

Firan Technology Group Corporation (FTG) is a Canada-based supplier of aerospace and defense electronic products and subsystems. The Company operates through two segments: FTG Aerospace and FTG Circuits. The FTG Aerospace segment manufactures illuminated cockpit panels, keyboards, bezels, and sub-assemblies and assemblies for original equipment manufacturers (OEMs) of avionics products, as well as for airframe manufacturers around the world. The FTG Circuits segment is a manufacturer of technology printed circuit boards.

• Market Cap: 55,921,099
• Revenues: 73,663,000
• Total Debt: 4,553,000
• P/E: 5.21

Carmanah Technologies (TSE:CMH) – $4.20
Renewable Energy Equipment & Services

Carmanah Technologies Corporation is a Canada-based company that is engaged in the business of developing and distributing renewable and energy-efficient technologies, including solar-power light emitting diode (LED) lighting, and solar powered systems and equipment. The Company’s segments include Signals, Illumination and Power.

• Market Cap: 103,733,310
• Revenues: 100,859,841
• Total Debt: 12,531,955
• P/E: 5.87

Martinrea International Inc. (TSE:MRE) – $7.88
Auto, Truck & Motorcycle Parts

Martinrea International Inc. is a Canada-based company engaged in the development and production of metal parts, assemblies and modules, fluid management systems and complex aluminum products focused primarily on the automotive sector. It serves various vehicle manufacturers, as well as automotive suppliers and also serves other industrial sectors across the world. The Company’s products are suspension and chassis metal components; body and structure metal components; aluminum components; chassis modules; fluid and air handling systems, and fabricated assemblies.

• Market Cap: 215,285,203.21
• Revenues: 3,988,690,000
• Total Debt: 745,412,000
• P/E: 6.25

Canfor Pulp Products Inc. (TSE:CFX) – $10.24
Paper Products

Canfor Pulp Products Inc. is a Canada-based supplier of pulp and paper products with the operations based in the central interior of British Columbia. The Company operates in two segments: Pulp and Paper. The Company’s Pulp segment includes its approximately four pulp mills, such as the Northwood pulp mill, the Intercontinental pulp mill, pulp produced at the Prince George pulp and paper mill, and the Taylor pulp mill. The Company’s Paper segment includes kraft paper produced at the Prince George pulp and paper mill.

• Market Cap: 114,570,744.63
• Revenues: 1,196,200,000
• Total Debt: 50,000,000
• P/E: 7.01

Equitable Group Inc. (TSE:EQB) – $54.61
Consumer Lending

Equitable Group Inc. is a financial services company that operates through its subsidiary, Equitable Bank (the Bank). The Bank provides mortgage loans to a range of customers that include business-for-self borrowers, newcomers to Canada and commercial real estate investors. It also provides savers with various saving options that offer security and competitive interest rates, including guaranteed investment certificates (GICs), high interest savings accounts (HISAs) and deposit notes.

• Market Cap: 850,002,739
• Revenues: 249,484,000
• Total Debt: 6,641,177,000
• P/E: 7.15

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