LAYN Falls to Levels Below Book Value

In trading on Tuesday, shares of Layne Christensen Co. (LAYN) crossed below their last reported book value — defined as common shareholder equity per share — of $10.41, changing hands as low as $10.19 per share. Layne Christensen Co. shares are currently trading down about 1.8% on the day. The chart below shows the one year performance of LAYN shares, versus its 50 and 200 day moving averages:

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

Layne Christensen Co. Moving Averages Chart

Looking at the chart above, LAYN's low point in its 52 week range is $10.10 per share, with $20.75 as the 52 week high point — that compares with a last trade of $10.33.

LAYN makes up 1.60% of the Environmental Services ETF ( EVX)

More from Stocks

Abercrombie & Fitch CEO: We Aren't the Same Abercrombie You Once Knew

Abercrombie & Fitch CEO: We Aren't the Same Abercrombie You Once Knew

Amazon Wants to Use Your Car as a Mobile Warehouse - Here's What That Could Mean

Amazon Wants to Use Your Car as a Mobile Warehouse - Here's What That Could Mean

Chipotle's New CEO Has Set its Path for Redemption

Chipotle's New CEO Has Set its Path for Redemption

TheStreet Is About to Hold the BEST Institutional Investor Conference of 2018

TheStreet Is About to Hold the BEST Institutional Investor Conference of 2018

Twitter's Turnaround Continues but Investors Don't Seem Entirely Convinced

Twitter's Turnaround Continues but Investors Don't Seem Entirely Convinced