15 Oversold Stocks With High Inventory Turnover Ratios

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Includes: ABC, AVGO, DELL, IP, ITT, JBL, KODK, LMT, MCK, NTAP, PBI, PWR, RTN, TMO
by: Kapitall

The following is a list of oversold stocks, as defined by the RSI (14) indicator. All of these stocks have very high trailing twelve month (TTM) inventory turnover rates, which implies either strong sales or ineffective buying.

All inventory turnover data and industry comparisons sourced from Reuters. More thorough analysis follows below. (Click to enlarge)

1. Pitney Bowes Inc. (NYSE:PBI): Business Equipment Industry. Market Cap of $4.12B. TTM inventory turnover of 14.9, much better than the industry average of 4.52. After losing -3.49% over the last year, the stock's RSI(14) indicator currently stands at 26.08. Price/Cash ratio of 8.56, and dividend yield of 7.33%.

2. Raytheon Co. (NYSE:RTN): Aerospace/Defense Industry. Market Cap of $16.81B. TTM inventory turnover of 4.18, slightly better than the industry average of 4. After losing -1.17% over the last year, the stock's RSI(14) indicator currently stands at 28.6. Price/Cash ratio of 7.05, and dividend yield of 3.34%.

3. McKesson Corporation (NYSE:MCK): Drugs Wholesale Industry. Market Cap of $15.84B. TTM inventory turnover of 11.5, much better than the industry average of 0.26. The stock has gained 13.36% over the last year, and its RSI(14) indicator currently stands at 29.26. Price/Cash ratio of 4.85, and dividend yield of 1.19%.

4. Quanta Services, Inc. (NYSE:PWR): General Contractors Industry. Market Cap of $3.95B. TTM inventory turnover of 80.44. After losing -17.64% over the last year, the stock's RSI(14) indicator currently stands at 29.34. Price/Cash ratio of 7.6.

5. Lockheed Martin Corporation (NYSE:LMT): Aerospace/Defense Industry. Market Cap of $26.51B. TTM inventory turnover of 19.43, much better than the industry average of 4. The stock has gained 0.36% over the last year, and its RSI(14) indicator currently stands at 29.55. Price/Cash ratio of 7.36, and dividend yield of 3.45%.

6. Jabil Circuit Inc. (NYSE:JBL): Printed Circuit Boards Industry. Market Cap of $2.69B. TTM inventory turnover of 7.53, much better than the industry average of 0.33. The stock has gained 29.63% over the last year, and its RSI(14) indicator currently stands at 29.78. Price/Cash ratio of 4.48, and dividend yield of 2.26%.

7. Dell Inc. (NASDAQ:DELL): Personal Computers Industry. Market Cap of $23.70B. TTM inventory turnover of 45.28, much better than the industry average of 11.51. After losing -9.57% over the last year, the stock's RSI(14) indicator currently stands at 29.98. Price/Cash ratio of 2.18.

8. Broadcom Corp. (BRCM): Semiconductor Industry. Market Cap of $17.01B. TTM inventory turnover of 7.03, much better than the industry average of 0.31. The stock has gained 27.51% over the last year, and its RSI(14) indicator currently stands at 30.34. Price/Cash ratio of 8.31, and dividend yield of 0.95%.

9. NetApp, Inc. (NASDAQ:NTAP): Data Storage Devices Industry. Market Cap of $14.51B. TTM inventory turnover of 16.23, slightly better than the industry average of 15.84. The stock has gained 77.69% over the last year, and its RSI(14) indicator currently stands at 32.31. Price/Cash ratio of 3.9.

10. Thermo Fisher Scientific, Inc. (NYSE:TMO): Medical Instruments & Supplies Industry. Market Cap of $18.35B. TTM inventory turnover of 5.46, much better than the industry average of 1.3. The stock has gained 0.92% over the last year, and its RSI(14) indicator currently stands at 33.04. Price/Cash ratio of 13.94.

11. Eastman Kodak Co. (EK): Photographic Equipment & Supplies Industry. Market Cap of $1.02B. TTM inventory turnover of 6.61, much better than the industry average of 2.67. After losing -5.5% over the last year, the stock's RSI(14) indicator currently stands at 33.56. Price/Cash ratio of 0.77.

12. International Paper Co. (NYSE:IP): Paper & Paper Products Industry. Market Cap of $9.56B. TTM inventory turnover of 7.62, much better than the industry average of 0.47. The stock has gained 13.97% over the last year, and its RSI(14) indicator currently stands at 34.3. Price/Cash ratio of 5.11, and dividend yield of 2.29%.

13. ITT Corporation (NYSE:ITT): Diversified Machinery Industry. Market Cap of $8.07B. TTM inventory turnover of 9.3, much better than the industry average of 4. After losing -8.11% over the last year, the stock's RSI(14) indicator currently stands at 35.13. Price/Cash ratio of 9.56, and dividend yield of 2.27%.

14. Patterson Companies Inc. (NASDAQ:PDCO): Medical Equipment Wholesale Industry. Market Cap of $3.33B. TTM inventory turnover of 7.69, much better than the industry average of 0.66. The stock has gained 8.74% over the last year, and its RSI(14) indicator currently stands at 36.48. Price/Cash ratio of 9.78, and dividend yield of 0.74%.

15. AmerisourceBergen Corporation (NYSE:ABC): Drugs Wholesale Industry. Market Cap of $8.12B. TTM inventory turnover of 15.68, much better than the industry average of 0.25. The stock has gained 45.16% over the last year, and its RSI(14) indicator currently stands at 36.6. Price/Cash ratio of 6.19, and dividend yield of 1.1%.

Disclosure: No positions