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OVTI Crosses Below Key Price/Book Valuation Level

By Market News Video Staff, Tuesday, February 26, 2:04 PM ET
Now Playing: The Importance of Book Value


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In trading on Tuesday, shares of OmniVision Technologies Inc (NASDAQ:OVTI) crossed below their last reported book value — defined as common shareholder equity per share — of $14.83, changing hands as low as $14.71 per share. OmniVision Technologies Inc shares are currently trading down about 0.1% on the day. The chart below shows the one year performance of OVTI shares, versus its 50 and 200 day moving averages:

OmniVision Technologies Inc Moving Averages Chart

Looking at the chart above, OVTI's low point in its 52 week range is $11.82 per share, with $21.12 as the 52 week high point — that compares with a last trade of $14.95.


Special Offer: Find out what Dave Moenning is holding in the ETF Channel Flexible Growth Investment Portfolio with 30 Days Free.

According to the ETF Finder at ETF Channel, OVTI makes up 2.05% of the SPDR S&P Semiconductor ETF (AMEX:XSD) which is trading lower by about 0.4% on the day Tuesday.

     See what other ETFs contain OVTI »
     See what other stocks are held by XSD »

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This Article's Word Cloud:   AMEX   According   Below   Book   Channel   Dave   Days   ETFs   Find   Finder   Free   Investment   Moenning   OVTI   Offer   OmniVision   Portfolio   Semiconductor   Special   Technologies   Tuesday   Value   about   above   below   book   changing   chart   common   contain   currently   defined   down   hands   last   lower   other   performance   point   range   raquo   share   shareholder   shares   stocks   trade   trading   week   what   with
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