September 20, 2016 - 10:31 AM EDT
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Consumer Goods Feel Drag of 3.46% Decline in Blue Bird Corporation (BLBD) in Early Trading on September 20

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Blue Bird Corporation (BLBD) started the trading day on a down note, making it one of the worst performing stocks in the consumer goods sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 20. Shares of BLBD have fallen 3.46% about 30 minutes into the session to $14.21 after closing the day prior at $14.72. It’s early, but the stock has traded as high as $14.53 and as low as $14.13 so far. Today’s quick decline has come with about 7,184 shares changing hands, compared to an average 30-day volume of 68,146 for Blue Bird Corporation. The price is currently below the 30-day volume weighted average price of $14.47 for BLBD.

The share depreciation gives the company a market capitalization of $328.76 million based upon 22.33 million shares outstanding. It also means that BLBD has a price-to-book ratio of 49.25:1.

In the past 52 weeks, shares of BLBD have traded as low as $7.61 and as high as $15.23. Technical traders will take note that at $14.21, shares of BLBD are trading above their 200-day MA at $11.28 and above their 50-day MA at $14.15. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is BLBD?

Blue Bird Corp designs & manufactures school buses. It provides alternative fuel applications with propane-powered & compressed natural gas-powered school buses. It offers a line of Type A, C and D school buses in a variety of options and configurations. The company’s 1762 employees are led by CEO Phil Horlock from the corporate headquarters at 402 Blue Bird Boulevard in Fort Valley, GA.


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Source: Financial Press News (September 20, 2016 - 10:31 AM EDT)

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