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STRI Falls to Levels Below Book Value

By Market News Video Staff, Thursday, September 22, 2:19 PM ET
Now Playing: The Importance of Book Value


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In trading on Thursday, shares of STR Holdings Inc. (NYSE:STRI) crossed below their last reported book value — defined as common shareholder equity per share — of $8.55, changing hands as low as $8.35 per share. STR Holdings Inc. shares are currently trading off about 5.8% on the day. The chart below shows the one year performance of STRI shares, versus its 50 and 200 day moving averages:

STR Holdings Inc. Moving Averages Chart

Looking at the chart above, STRI's low point in its 52 week range is $8.35 per share, with $28.16 as the 52 week high point — that compares with a last trade of $8.50.

STRI makes up 2.80% of the Guggenheim Solar ETF (AMEX:TAN)

STRI operates in the Rubber & Plastics sector, among companies like Forward Industries, Inc. (FORD), and Fuwei Films Holdings Co., Ltd. (FFHL).


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This Article's Word Cloud:   AMEX   Below   Book   FFHL   Films   Free   Holdings   Investment   Plastics   Portfolio   Rubber   STRI   Solar   Value   about   allows   among   asset   averages   below   book   cash   chart   common   companies   completely   currently   designed   growth   hands   last   operates   performance   point   portfolio   range   reported   share   shareholder   shares   short   slideshow   stocks   terms   there   trading   versus   week   with   year
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