Key Energy Services (KEG) Shares Cross Below Book Value

In trading on Thursday, shares of Key Energy Services, Inc. ( KEG) crossed below their last reported book value — defined as common shareholder equity per share — of $8.04, changing hands as low as $7.86 per share. Key Energy Services, Inc. shares are currently trading down about 4.5% on the day. The chart below shows the one year performance of KEG shares, versus its 50 and 200 day moving averages:

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Key Energy Services, Inc. Moving Averages Chart

Looking at the chart above, KEG's low point in its 52 week range is $5.78 per share, with $10.52 as the 52 week high point — that compares with a last trade of $7.87.

According to the ETF Finder at ETF Channel, KEG makes up 2.32% of the PowerShares Dynamic Oil & Gas Services Portfolio ETF ( PXJ) which is trading lower by about 3.3% on the day Thursday.

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