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Citi Trends Inc (CTRN) Shares Cross Below Book Value

By Market News Video Staff, Wednesday, July 20, 12:36 PM ET
Now Playing: The Importance of Book Value


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In trading on Wednesday, shares of Citi Trends Inc (NASDAQ:CTRN) crossed below their last reported book value — defined as common shareholder equity per share — of $14.54, changing hands as low as $12.50 per share. Citi Trends Inc shares are currently trading down about 17.6% on the day. The chart below shows the one year performance of CTRN shares, versus its 50 and 200 day moving averages:

Citi Trends Inc Moving Averages Chart

Looking at the chart above, CTRN's low point in its 52 week range is $12.50 per share, with $34.52 as the 52 week high point — that compares with a last trade of $13.10.

CTRN operates in the Apparel Stores sector, among companies like Stage Stores Inc. (NYSE:SSI) which is off about 0.8% today, and Cato Corp. (NYSE:CATO) trading lower by about 2.6%. Below is a three month price history chart comparing the stock performance of CTRN, versus SSI and CATO.

CTRN,SSI,CATO Relative Performance Chart


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This Article's Word Cloud:   Below   Book   CATO   CTRN   Cato   Citi   Investment   NYSE   Portfolio   Stores   Trends   Value   Wednesday   about   above   allows   among   asset   below   bonds   book   chart   classes   common   companies   completely   countries   currently   designed   growth   hands   history   last   operates   performance   point   portfolio   price   range   raquo   share   shareholder   shares   short   stocks   terms   trading   versus   week   with
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Citi Trends Inc (CTRN) Shares Cross Below Book Value | Market News Video | Copyright © 2008 - 2013, All Rights Reserved

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