Assume the company earns $0.70 per share. What was the lowest price at which stock traded for the year?

52 WeeksStock (Sym)DIVYLD %PEVolume (100's)CloseNet ChangeHILO

13.57

8.38

Shoreline HLT

0.08

?

13,411

11.19

−0.25

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To find the lowest price at which the stock traded for the year, we need to calculate the **Price-to-Earnings (P/E) Ratio** based on the given information and then solve for the lowest price.

Given:
- Earnings per share (EPS) = $0.70
- The lowest price (HILO) for the stock is what we need to find.

Let's denote the P/E ratio by $ P/E $, and the lowest price as $ P_{\text{Low}} $.

The P/E ratio formula is:

\[
P/E = \frac{\text{Price per Share}}{\text{Earnings per Share}}
\]

We know that:

\[
P_{\text{Low}} = P/E \times \text{Earnings per Share}
\]

However, the P/E ratio is not directly given, but we have the 52-week high and low prices:
- High (H) = 13.57
- Low (L) = 8.38

To find the P/E ratio, we typically use the closing price and EPS. The closing price given is $11.19$, but without the exact P/E ratio, we might try estimating or look for patterns.

If we assume the closing price reflects a typical P/E ratio for this stock and use this relationship to estimate the P/E ratio:

\[
P/E \approx \frac{11.19}{0.70} \approx 15.99 \text{ (rounded to 16)}
\]

Now, using this P/E ratio to find the lowest price:

\[
P_{\text{Low}} \approx 16 \times 0.70 = 11.20
\]

Since we know the low from the range is $8.38$, the lowest price (which was already provided in the HILO column) **is $8.38**.

### Conclusion:
The lowest price at which the stock traded for the year is **$8.38**.

Do you want details or have any questions about this calculation?

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**Related Questions:**

1. How is the P/E ratio used in stock analysis?
2. What does a low P/E ratio indicate about a company's stock?
3. How can investors use the 52-week high and low prices to make investment decisions?
4. What factors can cause a stock's price to fluctuate within a year?
5. How does the earnings per share (EPS) impact the stock price?
6. What is the significance of the "Net Change" in stock prices?
7. How does dividend yield influence stock valuation?
8. What is the relationship between the closing price and market sentiment?

**Tip:** When analyzing stock prices, it's important to consider both the P/E ratio and earnings per share (EPS) as they provide insight into whether a stock is overvalued or undervalued.

Learn how to find the lowest stock price using the Price-to-Earnings (P/E) Ratio formula. Given an earnings per share (EPS) of $0.70 and a 52-week low price of $8.38, determine the lowest price at which the stock traded for the year. This calculation involves understanding P/E ratio and its application in stock market analysis.

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