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Hewlett-Packard Co (HPQ) Shares Cross Below Book Value

By Dividend Channel Staff, Wednesday, October 3, 12:46 PM ET
Now Playing: The Importance of Book Value


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In trading on Wednesday, shares of Hewlett-Packard Co (NYSE:HPQ) crossed below their last reported book value — defined as common shareholder equity per share — of $16.07, changing hands as low as $15.93 per share. Hewlett-Packard Co shares are currently trading off about 6.9% on the day. The chart below shows the one year performance of HPQ shares, versus its 50 and 200 day moving averages:

Hewlett-Packard Co Moving Averages Chart

Looking at the chart above, HPQ's low point in its 52 week range is $15.905 per share, with $30.00 as the 52 week high point — that compares with a last trade of $16.02.


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According to the ETF Finder at ETF Channel, HPQ makes up 2.61% of the Dynamic Technology Sector Portfolio ETF (AMEX:PTF) which is trading higher by about 0.4% on the day Wednesday.

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