In trading on Tuesday, shares of CIT Group, Inc. (CIT - Get Report) crossed below their last reported book value — defined as common shareholder equity per share — of $45.10, changing hands as low as $44.93 per share. CIT Group, Inc. shares are currently trading down about 1.2% on the day. The chart below shows the one year performance of CIT shares, versus its 50 and 200 day moving averages:Looking at the chart above, CIT's low point in its 52 week range is $41.06 per share, with $52.72 as the 52 week high point — that compares with a last trade of $45.01. According to the ETF Finder at ETF Channel, CIT makes up 1.73% of the SPDR S&P Bank ETF ( KBE) which is trading lower by about 1.3% on the day Tuesday.
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