In trading on Tuesday, shares of Layne Christensen Co. (LAYN) crossed below their last reported book value — defined as common shareholder equity per share — of $14.53, changing hands as low as $14.25 per share. Layne Christensen Co. shares are currently trading off about 3.2% on the day. The chart below shows the one year performance of LAYN shares, versus its 50 and 200 day moving averages:
Looking at the chart above, LAYN's low point in its 52 week range is $13.88 per share, with $21.97 as the 52 week high point — that compares with a last trade of $14.35.
According to the ETF Finder at ETF Channel, LAYN makes up 1.73% of the First Trust RBA American Industrial Renaissance ETF (AIRR) which is trading lower by about 0.8% on the day Tuesday.
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