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 ยป



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



This article appears in: Investing , Investing Ideas

Referenced Stocks: BGC , GRID

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