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FRPT Crosses Below Key Price/Book Valuation Level

By Market News Video Staff, Monday, July 18, 1:13 PM ET
Now Playing: The Importance of Book Value


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In trading on Monday, shares of Force Protection Inc (FRPT) crossed below their last reported book value — defined as common shareholder equity per share — of $4.63, changing hands as low as $4.61 per share. Force Protection Inc shares are currently trading off about 2.1% on the day. The chart below shows the one year performance of FRPT shares, versus its 50 and 200 day moving averages:

Force Protection Inc Moving Averages Chart

Looking at the chart above, FRPT's low point in its 52 week range is $3.86 per share, with $6.00 as the 52 week high point — that compares with a last trade of $4.61.

FRPT operates in the Construction sector, among companies like Furmanite Corp (NYSE:FRM) which is off about 2.5% today, and Pike Electric Corp (NYSE:PIKE) trading lower by about 1.8%. Below is a three month price history chart comparing the stock performance of FRPT, versus FRM and PIKE.

FRPT,FRM,PIKE Relative Performance Chart


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This Article's Word Cloud:   Below   Book   Corp   FRPT   Force   INVESTMENT   Investment   NYSE   PIKE   PORTFOLIO   Portfolio   Protection   Value   about   above   allows   among   asset   below   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   there   trading   versus   week   with   year
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