In trading on Wednesday, shares of Novatel Wireless Inc. (NASDAQ:NVTL) crossed below their last reported book value — defined as common shareholder equity per share — of $5.12, changing hands as low as $5.09 per share. Novatel Wireless Inc. shares are currently trading down about 1.1% on the day. The chart below shows the one year performance of NVTL shares, versus its 50 and 200 day moving averages:
Looking at the chart above, NVTL's low point in its 52 week range is $4.77 per share, with $11.53 as the 52 week high point — that compares with a last trade of $5.18.
NVTL operates in the Computers sector, among companies like Silicon Graphics International Corp (NASDAQ:SGI) which is off about 3.7% today, and Avid Technology, Inc. (NASDAQ:AVID) trading lower by about 1.3%. Below is a three month price history chart comparing the stock performance of NVTL, versus SGI and AVID.
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