GLPW Falls to Levels Below Book Value

In trading on Friday, shares of Global Power Equipment Group, Inc. (GLPW) crossed below their last reported book value — defined as common shareholder equity per share — of $16.24, changing hands as low as $16.23 per share. Global Power Equipment Group, Inc. shares are currently trading off about 0.7% 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 $15.17 per share, with $20.9848 as the 52 week high point — that compares with a last trade of $16.41.

According to the ETF Finder at ETF Channel, GLPW makes up 1.86% of the First Trust RBA American Industrial Renaissance ETF ( AIRR) which is trading up by about 0.6% on the day Friday.

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