Bay Banks of Virginia (OTCMKTS:BAYK) Stock Crosses Below 200-Day Moving Average of $8.00

Bay Banks of Virginia Inc (OTCMKTS:BAYK) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.00 and traded as low as $8.03. Bay Banks of Virginia shares last traded at $8.03, with a volume of 100 shares traded.

Separately, Zacks Investment Research upgraded Bay Banks of Virginia from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Tuesday, August 13th.

The business has a fifty day moving average price of $8.04 and a 200 day moving average price of $8.00. The company has a market capitalization of $106.97 million, a PE ratio of 21.18 and a beta of 0.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.07 and a current ratio of 1.07.

Bay Banks of Virginia (OTCMKTS:BAYK) last released its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.13 EPS for the quarter. Bay Banks of Virginia had a return on equity of 4.54% and a net margin of 9.73%. The company had revenue of $9.77 million for the quarter. Research analysts forecast that Bay Banks of Virginia Inc will post 0.51 earnings per share for the current fiscal year.

Bay Banks of Virginia Company Profile (OTCMKTS:BAYK)

Bay Banks of Virginia, Inc, through its subsidiaries, provides various banking products and services to businesses, professionals, and consumers in Virginia. The company accepts checking accounts, savings accounts, money market accounts, cash management accounts, certificates of deposit, and individual retirement accounts.

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