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Federal Agricultural Mortgage Corp. (AGM) Shares Cross Below Book Value

By Market News Video Staff, Thursday, May 5, 1:44 PM ET
Now Playing: The Importance of Book Value


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In trading on Thursday, shares of Federal Agricultural Mortgage Corp. (NYSE:AGM) crossed below their last reported book value — defined as common shareholder equity per share — of $17.45, changing hands as low as $17.21 per share. Federal Agricultural Mortgage Corp. shares are currently trading down about 2.2% on the day. The chart below shows the one year performance of AGM shares, versus its 50 and 200 day moving averages:

Federal Agricultural Mortgage Corp. Moving Averages Chart

Looking at the chart above, AGM's low point in its 52 week range is $10.16 per share, with $23.53 as the 52 week high point — that compares with a last trade of $17.77.

AGM operates in the Credit Services & Lending sector, among companies like Asset Acceptance Capital Corp (NASDAQ:AACC) which is down about 0.2% today, and BofI Holding, Inc. (NASDAQ:BOFI) trading lower by about 0.2%. Below is a three month price history chart comparing the stock performance of AGM, versus AACC and BOFI.

AGM,AACC,BOFI Relative Performance Chart


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This Article's Word Cloud:   AACC   Agricultural   BOFI   Below   Book   Corp   Federal   Free   GROWTH   Holding   INVESTMENT   Mortgage   NASDAQ   PORTFOLIO   Portfolio   about   among   asset   averages   below   book   cash   chart   companies   currently   designed   down   growth   hands   history   last   lower   mdash   operates   performance   point   portfolio   range   reported   share   shares   slideshow   stocks   terms   there   trading   versus   week   with   year
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