Seaspan (SSW) Shares Cross Below Book Value

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In trading on Wednesday, shares of Seaspan Corp (Symbol: SSW) crossed below their last reported book value - defined as common shareholder equity per share - of $21.60, changing hands as low as $21.55 per share. Seaspan Corp shares are currently trading off about 1.6% on the day. The chart below shows the one year performance of SSW shares, versus its 50 and 200 day moving averages: Seaspan Corp Moving Averages Chart

Looking at the chart above, SSW's low point in its 52 week range is $19.45 per share, with $25.10 as the 52 week high point - that compares with a last trade of $21.62.

According to the ETF Finder at ETF Channel, SSW makes up 2.47% of the Guggenheim Shipping ETF (Symbol: SEA) which is trading lower by about 0.9% on the day Wednesday.

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: SSW , SEA

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