CBEY Falls To Levels Below Book Value

In trading on Wednesday, shares of Cbeyond Inc ( CBEY) crossed below their last reported book value — defined as common shareholder equity per share — of $5.72, changing hands as low as $5.53 per share. Cbeyond Inc shares are currently trading down about 8.8% on the day. The chart below shows the one year performance of CBEY shares, versus its 50 and 200 day moving averages:

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Cbeyond Inc Moving Averages Chart

Looking at the chart above, CBEY's low point in its 52 week range is $5.532 per share, with $9.60 as the 52 week high point — that compares with a last trade of $5.80.

According to the ETF Finder at ETF Channel, CBEY makes up 2.23% of the S&P SmallCap Utilities Portfolio ETF ( PSCU) which is trading lower by about 0.2% on the day Wednesday.
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