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ANIK Falls to Levels Below Book Value

By Market News Video Staff, Thursday, June 16, 10:43 AM ET
Now Playing: The Importance of Book Value


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In trading on Wednesday, shares of Anika Therapeutics Inc. (NASDAQ:ANIK) crossed below their last reported book value — defined as common shareholder equity per share — of $6.49, changing hands as low as $6.44 per share. Anika Therapeutics Inc. shares are currently trading up about 0.1% on the day. The chart below shows the one year performance of ANIK shares, versus its 50 and 200 day moving averages:

Anika Therapeutics Inc. Moving Averages Chart

Looking at the chart above, ANIK's low point in its 52 week range is $4.83 per share, with $11.67 as the 52 week high point — that compares with a last trade of $6.61.

ANIK operates in the Medical Instruments & Supplies sector, among companies like St. Jude Medical, Inc. (NYSE:STJ) which is down about 2.8% today, and Becton, Dickinson and Co. (NYSE:BDX) trading lower by about 1.6%. Below is a three month price history chart comparing the stock performance of ANIK, versus STJ and BDX.

ANIK,STJ,BDX Relative Performance Chart


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This Article's Word Cloud:   ANIK   Anika   Below   Book   Dickinson   Investment   Jude   Medical   NYSE   PORTFOLIO   Portfolio   Therapeutics   Value   Wednesday   about   allows   among   asset   below   bonds   book   chart   common   companies   completely   currently   designed   growth   hands   history   last   operates   performance   point   portfolio   price   range   raquo   share   shareholder   shares   short   slideshow   stocks   terms   trading   versus   week   with   year
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