Piper Jaffray Companies (PJC) Shares Cross Below Book Value

In trading on Friday, shares of Piper Jaffray Companies ( PJC) crossed below their last reported book value — defined as common shareholder equity per share — of $52.54, changing hands as low as $51.79 per share. Piper Jaffray Companies shares are currently trading trading flat on the day. The chart below shows the one year performance of PJC shares, versus its 50 and 200 day moving averages:

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Piper Jaffray Companies Moving Averages Chart

Looking at the chart above, PJC's low point in its 52 week range is $31.76 per share, with $54.49 as the 52 week high point — that compares with a last trade of $52.95.

According to the ETF Finder at ETF Channel, PJC makes up 3.06% of the iShares U.S. Broker-Dealers ETF ( IAI) which is trading relatively unchanged on the day Friday.

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