Universal Forest Products Becomes Oversold Thursday, January 7, 5:05 PM ET, by Market News Video Staff The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
In trading on Friday, shares of Universal Forest Products Inc. (NASDAQ:UFPI) crossed below their last reported book value — defined as common shareholder equity per share — of $29.36, changing hands as low as $29.33 per share. Universal Forest Products Inc. shares are currently trading down about 1.8% on the day. The chart below shows the one year performance of UFPI shares, versus its 50 and 200 day moving averages:
Looking at the chart above, UFPI's low point in its 52 week range is $25.76 per share, with $40.50 as the 52 week high point — that compares with a last trade of $29.53.
UFPI operates in the Paper & Forest Products sector, among companies like Louisiana-Pacific Corp. (NYSE:LPX) which is down about 2.5% today, and Sappi Ltd. (AMEX:SPP) trading lower by about 2.3%. Below is a three month price history chart comparing the stock performance of UFPI, versus LPX and SPP.
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