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Alamo Group, Inc. (ALG) Shares Cross Below Book Value

By Market News Video Staff, Thursday, July 14, 3:58 PM ET
Play Video: The Importance of Book Value


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In trading on Thursday, shares of Alamo Group, Inc. (NYSE:ALG) crossed below their last reported book value defined as common shareholder equity per share of $22.20, changing hands as low as $21.86 per share. Alamo Group, Inc. shares are currently trading down about 2.7% on the day. The chart below shows the one year performance of ALG shares, versus its 50 and 200 day moving averages:

Alamo Group, Inc. Moving Averages Chart

Looking at the chart above, ALG's low point in its 52 week range is $18.68 per share, with $29.27 as the 52 week high point that compares with a last trade of $22.14.

ALG operates in the Construction sector, among companies like Dycom Industries, Inc. (NYSE:DY) which is down about 1.2% today, and Layne Christensen Co. (NASDAQ:LAYN) trading lower by about 1%. Below is a three month price history chart comparing the stock performance of ALG, versus DY and LAYN.

ALG,DY,LAYN Relative Performance Chart


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This Article's Word Cloud:   Alamo   Below   Book   Channel   Christensen   Construction   Crossing   Dycom   Flexible   Free   Group   Growth   Industries   Investment   LAYN   Layne   Looking   NYSE   Portfolio   Start   Stocks   Thursday   Trial   Value   about   above   allocation   allows   among   anywhere   asset   averages   below   bonds   book   cash   changing   chart   designed   down   last   performance   point   portfolio   share   shares   trading   versus   week   with
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