Spartan Stores Shares Cross Below Book Value
- Tuesday, September 4, 2012, 12:01
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In trading on Tuesday, shares of Spartan Stores Inc (NASD: SPTN) crossed below their last reported book value ? defined as common shareholder equity per share ? of $14.58, changing hands as low as $14.41 per share. Spartan Stores Inc shares are currently trading off about 4.5% on the day. The chart below shows the one year performance of SPTN shares, versus its 50 and 200 day moving averages:
http://www.forbes.com/sites/dividendchannel/2012/09/04/spartan-stores-shares-cross-below-book-value/
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