Piper Jaffray Companies (PJC) Shares Cross Below Book Value

In trading on Monday, shares of Piper Jaffray Companies (PJC) crossed below their last reported book value — defined as common shareholder equity per share — of $52.54, changing hands as low as $52.48 per share. Piper Jaffray Companies shares are currently trading down about 3.2% on the day. The chart below shows the one year performance of PJC shares, versus its 50 and 200 day moving averages:

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Piper Jaffray Companies Moving Averages Chart

Looking at the chart above, PJC's low point in its 52 week range is $31.76 per share, with $56.91 as the 52 week high point — that compares with a last trade of $52.72.

According to the ETF Finder at ETF Channel, PJC makes up 2.69% of the iShares U.S. Broker-Dealers ETF ( IAI) which is trading lower by about 0.7% on the day Monday.

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