September 21, 2016 - 3:37 PM EDT
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Midday Laggard: Blue Bird Corporation (BLBD) a Drain on Consumer Goods Sector, Sheds 9.71% on September 20

Blue Bird Corporation (BLBD) lost ground during morning trading on September 20 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the consumer goods sector halfway through the trading day. At the lunch break, shares of BLBD have fallen 9.71% to $13.29 after closing the day prior at $14.72. So far, the stock has traded as high as $14.53 and as low as $12.87. Today's decline has come with about 310,513 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 $13.56 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 $13.29, shares of BLBD are trading above their 200-day MA at $11.28 and below 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. For more information on BLBD and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today. All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. About FinancialPress.com FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.


Source: Financial Press News (September 21, 2016 - 3:37 PM EDT)

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