IM Crosses Below Key Price/Book Valuation Level

In trading on Thursday, shares of Ingram Micro Inc. ( IM) crossed below their last reported book value — defined as common shareholder equity per share — of $26.02, changing hands as low as $25.95 per share. Ingram Micro Inc. shares are currently trading down about 1.8% on the day. The chart below shows the one year performance of IM shares, versus its 50 and 200 day moving averages:

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Ingram Micro Inc. Moving Averages Chart

Looking at the chart above, IM's low point in its 52 week range is $22.16 per share, with $30.96 as the 52 week high point — that compares with a last trade of $26.05.

According to the ETF Finder at ETF Channel, IM makes up 2.55% of the Guggenheim S&P MidCap 400 Pure Value ETF ( RFV) which is trading lower by about 1.4% on the day Thursday.

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