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:

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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.

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