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BKS Crosses Below Key Price/Book Valuation Level
By Market News Video Staff, Tuesday, June 19, 4:40 PM ET
In trading on Tuesday, shares of Barnes & Noble Inc (NYSE:BKS) crossed below their last reported book value — defined as common shareholder equity per share — of $14.18, changing hands as low as $14.08 per share. Barnes & Noble Inc shares are currently trading down about 6.2% on the day. The chart below shows the one year performance of BKS shares, versus its 50 and 200 day moving averages:
Looking at the chart above, BKS's low point in its 52 week range is $9.35 per share, with $26.00 as the 52 week high point — that compares with a last trade of $14.30.
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