Blue Bird (NASDAQ:BLBD) Stock Price Passes Above Fifty Day Moving Average of $10.44

Blue Bird Co. (NASDAQ:BLBD – Get Rating)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.44 and traded as high as $11.16. Blue Bird shares last traded at $10.52, with a volume of 85,283 shares.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. TheStreet cut shares of Blue Bird from a “c-” rating to a “d+” rating in a report on Monday, June 13th. DA Davidson assumed coverage on shares of Blue Bird in a report on Tuesday, June 28th. They issued a “buy” rating and a $13.00 target price for the company. Finally, StockNews.com raised shares of Blue Bird from a “sell” rating to a “hold” rating in a report on Monday, June 13th.

Blue Bird Price Performance

The company has a quick ratio of 0.23, a current ratio of 1.15 and a debt-to-equity ratio of 5.20. The firm’s fifty day moving average price is $10.44 and its two-hundred day moving average price is $15.11. The stock has a market capitalization of $336.55 million, a PE ratio of -22.87 and a beta of 1.16.

Blue Bird (NASDAQ:BLBD – Get Rating) last released its quarterly earnings data on Thursday, May 12th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.25). Blue Bird had a negative net margin of 1.97% and a negative return on equity of 6.12%. The company had revenue of $207.66 million for the quarter, compared to analysts’ expectations of $155.00 million. During the same period in the previous year, the firm earned $0.03 earnings per share. On average, equities analysts predict that Blue Bird Co. will post -0.93 earnings per share for the current year.

Institutional Trading of Blue Bird

Several large investors have recently added to or reduced their stakes in the business. Olstein Capital Management L.P. grew its position in Blue Bird by 28.8% during the second quarter. Olstein Capital Management L.P. now owns 203,000 shares of the company’s stock valued at $1,870,000 after buying an additional 45,451 shares during the period. North Star Investment Management Corp. grew its position in Blue Bird by 8.6% during the second quarter. North Star Investment Management Corp. now owns 353,622 shares of the company’s stock valued at $3,257,000 after buying an additional 28,000 shares during the period. Amalgamated Bank bought a new stake in Blue Bird during the first quarter valued at approximately $42,000. The Manufacturers Life Insurance Company bought a new stake in Blue Bird during the first quarter valued at approximately $15,977,000. Finally, 325 Capital LLC grew its position in Blue Bird by 307.6% during the first quarter. 325 Capital LLC now owns 1,069,051 shares of the company’s stock valued at $20,120,000 after buying an additional 806,795 shares during the period. 87.73% of the stock is currently owned by institutional investors.

Blue Bird Company Profile

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Blue Bird Corporation designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally. It operates through two segments, Bus and Parts. The company offers Type C, Type D, and specialty buses; and alternative fuel applications through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses.

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