RESI Crosses Below Key Price/Book Valuation Level

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In trading on Friday, shares of Altisource Residential Corp (Symbol: RESI) crossed below their last reported book value - defined as common shareholder equity per share - of $22.93, changing hands as low as $22.48 per share. Altisource Residential Corp shares are currently trading down about 2.4% on the day. The chart below shows the one year performance of RESI shares, versus its 50 and 200 day moving averages: Altisource Residential Corp Moving Averages Chart

Looking at the chart above, RESI's low point in its 52 week range is $18.52 per share, with $35.05 as the 52 week high point - that compares with a last trade of $22.59.

According to the ETF Finder at ETF Channel, RESI makes up 2.23% of the Guggenheim Spin-Off ETF (Symbol: CSD) which is trading lower by about 1.3% 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 , Options

Referenced Stocks: RESI , CSD

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As of 9/22/2014, 04:15 PM

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