KND Falls to Levels Below Book Value

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In trading on Friday, shares of Kindred Healthcare Inc (Symbol: KND) crossed below their last reported book value - defined as common shareholder equity per share - of $19.82, changing hands as low as $19.52 per share. Kindred Healthcare Inc shares are currently trading down about 8.7% on the day. The chart below shows the one year performance of KND shares, versus its 50 and 200 day moving averages: Kindred Healthcare Inc Moving Averages Chart

Looking at the chart above, KND's low point in its 52 week range is $12.95 per share, with $26.81 as the 52 week high point - that compares with a last trade of $19.93.

According to the ETF Finder at ETF Channel, KND makes up 1.69% of the SPDR S&PHealth Care Services ETF (Symbol: XHS) which is trading lower by about 0.1% on the day Friday.

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 The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas

Referenced Stocks: KND , XHS

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