MDR Crosses Below Key Price/Book Valuation Level

In trading on Wednesday, shares of McDermott International, Inc. ( MDR) crossed below their last reported book value — defined as common shareholder equity per share — of $6.56, changing hands as low as $6.51 per share. McDermott International, Inc. shares are currently trading off about 4.1% on the day. The chart below shows the one year performance of MDR shares, versus its 50 and 200 day moving averages:

Click here to find out which 9 other stocks recently crossed below their book value »

McDermott International, Inc.  Moving Averages Chart

Looking at the chart above, MDR's low point in its 52 week range is $6.51 per share, with $9.36 as the 52 week high point — that compares with a last trade of $6.56.

According to the ETF Finder at ETF Channel, MDR makes up 2.09% of the SPDR S&P Oil & Gas Equipment & Services ETF ( XES) which is trading lower by about 0.3% on the day Wednesday.

If you liked this article you might like

Crude Oil and 4 Oil Services Stocks Are Leaking Post-Election Gains

Bullish and Bearish Reversals in the Market

Crude Oil, 5 Oil Services Stocks Now Springing Leaks

Health Care and Pharma Feeling the Wrath of Trump: Cramer's 'Mad Money' Recap (Wednesday 1/11/17)

Berkshire Hathaway, SAP, Dominion Resources: 'Mad Money' Lightning Round