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Here are four stocks that have recently traded for less than $10.00 per share. Let's determine if these stocks have bottomed out and are ready for a rebound.

Ford Motor Company (NYSE:F) has a market cap of $41.53 billion, with a price to earnings ratio of 6.30. The stock has traded in a 52-week price range of between $9.81 and $18.97. The current stock price is $10.93. On July 26, the company reported second quarter revenues of $3.55 billion, compared to the second quarter of 2010 when revenues were $3.51 billion. Net income for the second quarter was $2.4 billion compared to $2.6 billion in the second quarter of 2010.

Ford is in a highly competitive business, and its biggest US competitor is General Motors (NYSE:GM). General Motors is trading at $23.79 and has a price to earnings ratio of 5.01. General Motors has a profit margin of 6.78, compared to Ford, which has a profit margin of 5.01.

After years of losses, Ford was able to post profits in 2009 and 2010. This newly streamlined company has posted gains in each of its last five quarters. While it is a good sign that Ford has returned to profitability, its earnings per share growth has been anemic. Last quarter earnings per share growth was -4%. Investors are wary about automotive stocks. That is why Ford's stock is 42.4% off of its 52-week high. With the stiff competition that the company is facing, it is unlikely to achieve rapid earnings growth. I rate Ford Motor Company as a hold.

Vishay Intertechnology Inc. (NYSE:VSH) has a market cap of $1.82 billion, with a price to earnings ratio of 5.29. The stock has been trading in a 52-week range of between $7.52 and $19.36. The current stock price is $11.58. On August 2, the company reported revenues of $710 million compared to $702 million in the second quarter of 2010. Net second quarter income is $82.1 million versus $76.7 million in the second quarter of 2010.

One Vishay Intertechnology Inc. competitor is Fairchild Semiconductor Inc. (NASDAQ:FCS). Fairchild Semiconductor Inc.’s current stock price is $13.42, and the price to earnings ratio is 9.94. Over the last 52 weeks, the stock price has increased by 73.61%, compared to Vishay Intertechnology Inc. which has seen its stock price increased by 41.62% over the last 52 weeks.

Vishay Intertechnology Inc.'s last quarter's earnings per share growth was 25%. The company’s earnings per share growth for the last three quarters has been 109%. CNBC TV analyst Jim Cramer believes that technology stocks like Vishay Intertechnology Inc. (semiconductor manufacture) will almost always do poorly during the summer months. He recommends that investors hold off on buying these stocks until late in September. If Cramer is right, this stock will be an excellent buy. In recent quarters, the stock has had excellent earnings per share growth, and the price to earnings ratio is remarkably low (5.29). Since the beginning of summer, (June 1) the stock price has dropped by 33%. I think Cramer is right, and if investors wait until sometime after September 15, this stock will be an excellent buy.

JDS Uniphase Corporation (NASDAQ:JDSU) has a market cap of $2.79 billion with a price to earnings ratio of 39.61. The stock has traded in a 52-week range of between $9.09 and $29.12. The stock is currently trading at $12.28. On August 18, the company reported second quarter revenues of $472 million, compared to revenues of $391 million in the second quarter of 2010. Second quarter net income was $9.30 million versus $1.50 million in the second quarter of 2010.

One of JDS Uniphase’s competitors is Avago Technologies Limited (NASDAQ:AVGO). Avago Technologies' stock has traded in a 52-week range between $9.68 and $17.69. Avago Technologies' current stock price is $32.85 and the price to earnings ratio is 14.68. The stock price has increased by 63.03% over the last 52 weeks, compared to JDS Uniphase, which has seen its stock price increase by 29.26%.

JDS Uniphase is a company that has reported losses in each of its last five fiscal years. This not a cheap stock, as the price to earnings ratio is 39.61. The price to book ratio is 2.62. This is a speculative high beta stock, that long term investors will probably avoid. I rate JDS Uniphase Corporation as a hold.

PetMed Express Inc. (NASDAQ:PETS) has a market cap of $233.19 billion, with a price to earnings ratio of 12.60. The stock has been trading in a range of between $9.42 and $18.87. The current stock price is $10.31. The company reported first quarter revenues for the period ending June 30 in the amount of $73.6 million, which was down from the first quarter of 2010 when revenues were $74.4 million. First quarter net income was $4.84 million, which was down from the first quarter of 2010 when net income was $26.0 million.

One of PetMed Express’ main competitors is PetSmart Inc. (NASDAQ:PETM), which is trading at $42.64. PetSmart Inc. has a market cap of $4.81 billion with a price to earnings ratio of 18.61. The stock of PetSmart Inc. pays a dividend with a yield of 1.41%, compared to PetMed Express Inc. whose stock has a dividend yield of 5%.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 4 Surging Stocks Trading Under $15