IM Falls to Levels Below Book Value

In trading on Friday, shares of Ingram Micro Inc. (Symbol: IM) crossed below their last reported book value – defined as common shareholder equity per share – of $26.71, changing hands as low as $26.67 per share. Ingram Micro Inc. shares are currently trading down about 1.1% on the day. The chart below shows the one year performance of IM shares, versus its 50 and 200 day moving averages:

Looking at the chart above, IM’s low point in its 52 week range is $22.22 per share, with $30.46 as the 52 week high point – that compares with a last trade of $26.71. According to the ETF Finder at ETF Channel, IM makes up 1.71% of the Guggenheim S&P MidCap 400 Pure Value ETF (Symbol: RFV) which is trading lower by about 0.2% on the day Friday.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Referenced Stocks: IM , RFV

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