OM Group (OMG) Shares Cross Below Book Value

In trading on Friday, shares of OM Group, Inc. (OMG) crossed below their last reported book value — defined as common shareholder equity per share — of $34.73, changing hands as low as $34.65 per share. OM Group, Inc. shares are currently trading off about 3.8% on the day. The chart below shows the one year performance of OMG shares, versus its 50 and 200 day moving averages:

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OM Group, Inc. Moving Averages Chart

Looking at the chart above, OMG's low point in its 52 week range is $22.22 per share, with $37.58 as the 52 week high point — that compares with a last trade of $34.78.

According to the ETF Finder at ETF Channel, OMG makes up 2.78% of the S&P SmallCap Materials Portfolio ETF ( PSCM) which is trading lower by about 2.5% on the day Friday.

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