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ITRI Crosses Below Key Price/Book Valuation Level

By Market News Video Staff, Monday, August 8, 3:09 PM ET
Now Playing: The Importance of Book Value


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In trading on Monday, shares of Itron, Inc. (NASDAQ:ITRI) crossed below their last reported book value — defined as common shareholder equity per share — of $38.30, changing hands as low as $37.19 per share. Itron, Inc. shares are currently trading off about 7.4% on the day. The chart below shows the one year performance of ITRI shares, versus its 50 and 200 day moving averages:

Itron, Inc. Moving Averages Chart

Looking at the chart above, ITRI's low point in its 52 week range is $37.19 per share, with $67.58 as the 52 week high point — that compares with a last trade of $37.30.

According to the ETF Finder at ETF Channel, ITRI makes up 3.68% of the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund ETF (NASDAQ:GRID) which is trading lower by about 5.1% on the day Monday.

     See what other ETFs contain ITRI »
     See what other stocks are held by GRID »

ITRI operates in the Electronic Equipment & Products sector, among companies like Jabil Circuit, Inc. (NYSE:JBL) which is off about 6.4% today, and Arrow Electronics, Inc. (NYSE:ARW) trading lower by about 4.8%. Below is a three month price history chart comparing the stock performance of ITRI, versus JBL and ARW.

ITRI,JBL,ARW Relative Performance Chart


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This Article's Word Cloud:   Below   CHANNEL   Channel   Circuit   Electronics   FLEXIBLE   GRID   ITRI   Investment   Itron   Monday   NASDAQ   NYSE   Products   Start   Value   about   above   asset   below   chart   classes   countries   crossed   defined   designed   equity   everywhere   flexibility   follow   high   last   lower   other   performance   point   portfolio   regions   share   shares   short   stock   stocks   today   trading   versus   week   what   which   with
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