CMO Crosses Below Key Price/Book Valuation Level

In trading on Friday, shares of Capstead Mortgage Corp. ( CMO) crossed below their last reported book value — defined as common shareholder equity per share — of $12.75, changing hands as low as $12.45 per share. Capstead Mortgage Corp. shares are currently trading off about 0.8% on the day. The chart below shows the one year performance of CMO shares, versus its 50 and 200 day moving averages:

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Capstead Mortgage Corp. Moving Averages Chart

Looking at the chart above, CMO's low point in its 52 week range is $11.25 per share, with $13.43 as the 52 week high point — that compares with a last trade of $12.49.

According to the ETF Finder at ETF Channel, CMO makes up 2.27% of the Mortgage REIT Income ETF ( MORT) which is trading lower by about 0.2% on the day Friday.

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