Boral Limited (ASX: BLD) bounced over 4% to $6.87 at the time of writing, after recently being oversold in a couple of days by 13% on relatively large volume.
Boral Limited is in the Materials Industry, and its primary focus is building and construction materials in Australia and North America.
The sell-off was due to the company announcing that earnings for the March quarter of Boral North America were weaker than expected. Although, there is an improved outlook for earnings in the June quarter. The share price is up 12% for the year, trading on a forward PER of 17.6x and paying a current dividend yield of 3.7% (50% franked).
Amcor Limited (ASX: AMC), which is in the same sector as Boral has fallen 13% in a year to a share price of $13.73, trading on a forward PER of 16.9x with an unfranked dividend yield of 4.1%.
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