LAYN Falls to Levels Below Book Value

In trading on Monday, shares of Layne Christensen Co. (LAYN) crossed below their last reported book value — defined as common shareholder equity per share — of $15.18, changing hands as low as $15.06 per share. Layne Christensen Co. shares are currently trading down about 2.9% 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 $13.88 per share, with $22.64 as the 52 week high point — that compares with a last trade of $15.18.

LAYN makes up 1.80% of the First Trust RBA American Industrial Renaissance ETF ( AIRR)

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