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:

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

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.

More from Stocks

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

What Will GM Do With Cruise -- and Is Its Stock Worth $55?

What Will GM Do With Cruise -- and Is Its Stock Worth $55?

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

This Should Be Your Retirement Savings Plan When the Stock Market Crashes

This Should Be Your Retirement Savings Plan When the Stock Market Crashes