WAC Falls to Levels Below Book Value

In trading on Friday, shares of Walter Investment Management Corp ( WAC) crossed below their last reported book value — defined as common shareholder equity per share — of $31.11, changing hands as low as $30.91 per share. Walter Investment Management Corp shares are currently trading down about 1.6% on the day. The chart below shows the one year performance of WAC shares, versus its 50 and 200 day moving averages:

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Walter Investment Management Corp Moving Averages Chart

Looking at the chart above, WAC's low point in its 52 week range is $30.91 per share, with $49.99 as the 52 week high point — that compares with a last trade of $31.58.

According to the ETF Finder at ETF Channel, WAC makes up 2.15% of the SPDR S&P Capital Markets ETF ( KCE) which is trading lower by about 2.9% on the day Friday.

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