Basic Energy Services (BAS) Shares Cross Below Book Value

In trading on Thursday, shares of Basic Energy Services Inc ( BAS) crossed below their last reported book value — defined as common shareholder equity per share — of $7.21, changing hands as low as $6.96 per share. Basic Energy Services Inc shares are currently trading off about 1.9% on the day. The chart below shows the one year performance of BAS shares, versus its 50 and 200 day moving averages:

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Basic Energy Services Inc Moving Averages Chart

Looking at the chart above, BAS's low point in its 52 week range is $5.00 per share, with $29.84 as the 52 week high point — that compares with a last trade of $7.30.

According to the ETF Finder at ETF Channel, BAS makes up 1.15% of the Guggenheim S&P SmallCap 600 Pure Value ETF ( RZV) which is trading up by about 1% on the day Thursday.

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