Schnitzer Steel Industries (SCHN) Shares Cross Below Book Value

In trading on Wednesday, shares of Schnitzer Steel Industries, Inc. ( SCHN) crossed below their last reported book value — defined as common shareholder equity per share — of $29.23, changing hands as low as $28.85 per share. Schnitzer Steel Industries, Inc. shares are currently trading off about 3.1% on the day. The chart below shows the one year performance of SCHN shares, versus its 50 and 200 day moving averages:

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Schnitzer Steel Industries, Inc. Moving Averages Chart

Looking at the chart above, SCHN's low point in its 52 week range is $23.07 per share, with $33.32 as the 52 week high point — that compares with a last trade of $30.07.

According to the ETF Finder at ETF Channel, SCHN makes up 2.34% of the Environmental Services ETF ( EVX) which is trading lower by about 0.7% on the day Wednesday.

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