LAYN Crosses Below Key Price/Book Valuation Level

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 $15.55 per share. Layne Christensen Co. shares are currently trading down about 2.4% on the day. The chart below shows the one year performance of LAYN shares, versus its 50 and 200 day moving averages:

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Layne Christensen Co. Moving Averages Chart

Looking at the chart above, LAYN's low point in its 52 week range is $15.06 per share, with $25.11 as the 52 week high point — that compares with a last trade of $15.72.

LAYN makes up 2.19% of the Environmental Services ETF ( EVX)

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