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NNI Falls to Levels Below Book Value

By Market News Video Staff, Tuesday, June 14, 1:07 PM ET
Now Playing: The Importance of Book Value


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In trading on Tuesday, shares of Nelnet Inc (NYSE:NNI) crossed below their last reported book value — defined as common shareholder equity per share — of $19.71, changing hands as low as $19.67 per share. Nelnet Inc shares are currently trading up about 1.1% on the day. The chart below shows the one year performance of NNI shares, versus its 50 and 200 day moving averages:

Nelnet Inc Moving Averages Chart

Looking at the chart above, NNI's low point in its 52 week range is $17.57 per share, with $24.47 as the 52 week high point — that compares with a last trade of $20.02.

According to the ETF Finder at ETF Channel, NNI makes up 1.37% of the Dynamic Financial Sector Portfolio ETF (AMEX:PFI) which is trading higher by about 1.6% on the day Tuesday.

     See what other ETFs contain NNI »
     See what other stocks are held by PFI »

NNI operates in the Credit Services & Lending sector, among companies like Ford Motor Credit Company LLC (FCZ), and Encore Capital Group Inc (NASDAQ:ECPG) trading up by about 4.6%. Below is a three month price history chart comparing the stock performance of NNI, versus ECPG.

NNI,ECPG Relative Performance Chart


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This Article's Word Cloud:   AMEX   Below   Book   Channel   Credit   Dynamic   ECPG   ETFs   Financial   Finder   Ford   Free   GROWTH   INVESTMENT   Nelnet   PORTFOLIO   Portfolio   Tuesday   about   among   asset   averages   below   cash   chart   companies   currently   designed   growth   hands   history   last   operates   other   performance   point   portfolio   range   reported   share   shares   slideshow   stocks   there   trading   versus   week   what   with   year
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