BGC Crosses Below Key Price/Book Valuation Level

In trading on Tuesday, shares of General Cable Corp. ( BGC) crossed below their last reported book value — defined as common shareholder equity per share — of $18.55, changing hands as low as $18.29 per share. General Cable Corp. shares are currently trading off about 2.6% on the day. The chart below shows the one year performance of BGC shares, versus its 50 and 200 day moving averages:

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General Cable Corp.  Moving Averages Chart

Looking at the chart above, BGC's low point in its 52 week range is $18.29 per share, with $34.61 as the 52 week high point — that compares with a last trade of $18.44.

According to the ETF Finder at ETF Channel, BGC makes up 2.92% of the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund ETF ( GRID) which is trading higher by about 1.1% on the day Tuesday.

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