Home / Financial / Financials Feel Pain of 8.44% Drop in Shares of Village Bank and Trust Financial Corp. (VBFC) During Morning Session on September 22

Financials Feel Pain of 8.44% Drop in Shares of Village Bank and Trust Financial Corp. (VBFC) During Morning Session on September 22

Village Bank and Trust Financial Corp. (VBFC) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the financial sector halfway through the trading day. At the lunch break, shares of VBFC have fallen 8.44% to $22.78 after closing the day prior at $24.88. So far, the stock has traded as high as $22.84 and as low as $22.78. Today’s decline has come with about 335 shares changing hands, compared to an average 30-day volume of 488 for Village Bank and Trust Financial Corp.. The price is currently below the 30-day volume weighted average price of $22.81 for VBFC.

The share depreciation gives the company a market capitalization of $35.45 million based upon 1.42 million shares outstanding. It also means that VBFC has a price-to-book ratio of 1.12:1.

In the past 52 weeks, shares of VBFC have traded as low as $18.01 and as high as $25.07. Technical traders will take note that at $22.78, shares of VBFC are trading above their 200-day MA at $21.25 and below their 50-day MA at $23.31. 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 VBFC?

Village Bank and Trust Financial Corp is a bank holding company. The Company through its wholly-owned subsidiaries offers banking & related financial services, including checking, savings and certificates of deposit. The company’s 166 employees are led by CEO William G. Foster from the corporate headquarters at 13319 Midlothian Turnpike in Midlothian, VA.

For more information on VBFC 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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Check Also

Reservoir Capital Corp. (CDX:REO:CA) Bolsters TSX Venture Utility Stocks, Rising 5.56% at Midday on September 27

Reservoir Capital Corp. (CDX:REO:CA) is amongst the strongest stocks in the utilities sector of the …