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Cara Therapeutics (CARA) Shares Cross Below Book Value
By Market News Video Staff, Thursday, November 17, 12:46 PM ET
In trading on Thursday, shares of Cara Therapeutics Inc (NASDAQ:CARA) crossed below their last reported book value — defined as common shareholder equity per share — of $11.00, changing hands as low as $10.84 per share. Cara Therapeutics Inc shares are currently trading down about 1.4% on the day. The chart below shows the one year performance of CARA shares, versus its 50 and 200 day moving averages:
Looking at the chart above, CARA's low point in its 52 week range is $7.40 per share, with $14.99 as the 52 week high point — that compares with a last trade of $10.99.
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The Importance of Book Value
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