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iGate Corp (IGTE) Shares Cross Below Book Value

By Market News Video Staff, Tuesday, October 4, 1:24 PM ET
Play Video: The Importance of Book Value


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In trading on Tuesday, shares of iGate Corp (NASDAQ:IGTE) crossed below their last reported book value defined as common shareholder equity per share of $10.77, changing hands as low as $10.71 per share. iGate Corp shares are currently trading up about 5.4% on the day. The chart below shows the one year performance of IGTE shares, versus its 50 and 200 day moving averages:

iGate Corp Moving Averages Chart

Looking at the chart above, IGTE's low point in its 52 week range is $9.32 per share, with $24.99 as the 52 week high point that compares with a last trade of $11.33.

IGTE operates in the Information Technology Services sector, among companies like Wipro Ltd (NYSE:WIT) which is up about 0.1% today, and Automatic Data Processing Inc. (NASDAQ:ADP) trading higher by about 0.2%. Below is a three month price history chart comparing the stock performance of IGTE, versus WIT and ADP.

IGTE,WIT,ADP Relative Performance Chart


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This Article's Word Cloud:   Automatic   Below   Book   Corp   Data   Definition   IGTE   Importance   Investment   Nasdaq   Processing   Start   Tuesday   Value   What   about   above   allows   anywhere   asset   below   book   chart   classes   completely   countries   crossed   defined   designed   equity   everywhere   flexibility   follow   high   iGate   last   performance   point   portfolio   regions   share   shares   short   stock   their   today   trading   versus   week   with
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