GLPW Crosses Below Key Price/Book Valuation Level

In trading on Tuesday, shares of Global Power Equipment Group, Inc. (GLPW) crossed below their last reported book value — defined as common shareholder equity per share — of $16.39, changing hands as low as $16.37 per share. Global Power Equipment Group, Inc. shares are currently trading down about 5.4% on the day. The chart below shows the one year performance of GLPW shares, versus its 50 and 200 day moving averages:

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Global Power Equipment Group, Inc. Moving Averages Chart

Looking at the chart above, GLPW's low point in its 52 week range is $14.99 per share, with $20.98 as the 52 week high point — that compares with a last trade of $16.40.

According to the ETF Finder at ETF Channel, GLPW makes up 2.00% of the First Trust RBA American Industrial Renaissance ETF ( AIRR) which is trading lower by about 1.3% on the day Tuesday.

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