CDMO Falls to Levels Below Book Value
November 23, 2021 at 14:26 PM EST
In trading on Tuesday, shares of Avid Bioservices Inc (CDMO) crossed below their last reported book value — defined as common shareholder equity per share — of $31.00, changing hands as low as $30.81 per share. Avid Bioservices Inc shares are currently trading off about 2.7% on the day..