General Cable (BGC) Shares Cross Below Book Value


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In trading on Thursday, shares of General Cable Corp. (Symbol: BGC) crossed below their last reported book value - defined as common shareholder equity per share - of $25.81, changing hands as low as $25.72 per share. General Cable Corp. shares are currently trading off about 1.4% on the day. The chart below shows the one year performance of BGC shares, versus its 50 and 200 day moving averages: General Cable Corp. Moving Averages Chart

Looking at the chart above, BGC's low point in its 52 week range is $25.72 per share, with $37.14 as the 52 week high point - that compares with a last trade of $25.79.

According to the ETF Finder at ETF Channel, BGC makes up 3.41% of the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund ETF (Symbol: GRID) which is trading lower by about 0.9% on the day Thursday.

Click here to find out which 9 other stocks recently crossed below their book value »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Investing Ideas
Referenced Stocks: BGC , GRID

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