Cargojet Falls to Levels Below Book Value

By Canada Stock Channel Staff, Monday, March 29, 12:39 PM ET

In trading on Monday, shares of Cargojet Inc (TSE:CJT.CA) crossed below their last reported book value — defined as common shareholder equity per share — of $162.00, changing hands as low as $159.80 per share. Cargojet Inc shares are currently trading down about 1.9% on the day. The chart below shows the one year performance of CJT.CA shares, versus its 50 and 200 day moving averages:

Cargojet Inc Moving Averages Chart

Looking at the chart above, CJT.CA's low point in its 52 week range is $91.82 per share, with $250.01 as the 52 week high point — that compares with a last trade of $162.68.

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Cargojet Falls to Levels Below Book Value |

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