Cable One (CABO) Shares Cross Below Book Value
In trading on Friday, shares of Cable One Inc (Symbol: CABO) crossed below their last reported book value — defined as common shareholder equity per share — of $420.00, changing hands as low as $405.75 per share. Cable One Inc shares are currently trading off about 7.7% on the day. The chart below shows the one year performance of CABO shares, versus its 50 and 200 day moving averages:
Looking at the chart above, CABO's low point in its 52 week range is $405.75 per share, with $768.75 as the 52 week high point — that compares with a last trade of $439.31.
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