In trading on Friday, shares of Layne Christensen Co. (LAYN) crossed below their last reported book value — defined as common shareholder equity per share — of $15.86, changing hands as low as $15.77 per share. Layne Christensen Co. shares are currently trading down about 4.4% on the day. The chart below shows the one year performance of LAYN shares, versus its 50 and 200 day moving averages:
LAYN Crosses Below Key Price/Book Valuation Level
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