Niska Gas Storage Partners (NKA) Shares Cross Below Book Value

In trading on Thursday, shares of Niska Gas Storage Partners LLC (NKA) crossed below their last reported book value — defined as common shareholder equity per share — of $15.76, changing hands as low as $15.52 per share. Niska Gas Storage Partners LLC shares are currently trading off about 1.8% on the day. The chart below shows the one year performance of NKA shares, versus its 50 and 200 day moving averages:

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Niska Gas Storage Partners LLC Moving Averages Chart

Looking at the chart above, NKA's low point in its 52 week range is $11.51 per share, with $17.00 as the 52 week high point — that compares with a last trade of $15.58.

According to the ETF Finder at ETF Channel, NKA makes up 2.63% of the SuperDividend U.S. ETF ( DIV) which is trading up by about 0.8% on the day Thursday.

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