TBBC

(TBBC) Has 52-Week Slump

Shares of THE BRAINY BRANDS (OTC:TBBC) continued to slumped for the second straight session on Tuesday and the stock made a new 52-week low.

TBBC stock gapped down following a 30% fall in the previous trading session and the stock closed lower by 27% to $0.63 after hitting a new one year low of $0.54. Volume was heavy with more than 2.32 million shares traded hands, compared to its average volume of 371K shares.

The latest fall came despite TBBC announced a positive development on July 18, 2011, where it stated that the company has reached an agreement Just Baby Baby Company, which would distribute the company’s Brainy Baby products across Zimbabwe.

Looks like traders booked their profit on the stock following the news. THE BRAINY BRANDS (OTC:TBBC) stock had rallied from $1 to as high as $1.32 in the previous three weeks. But, those rallied couldn’t sustain as the company’s financials doesn’t support the current valuation.

TBBC Stock Falling

During the latest quarter, TBBC had reported net shareholders deficiency of about $2 million with revenue continued to slide quarter-over-quarter. The company had cash balance of $170.39K as of recent 10-Q filings.

With the recent sharp fall, it would be interesting to see if any market participant comes forward and provide TBBC stock support to limit the further downside risk.

On a technical basis, the stock has already broken important indicators with trading well below its 50-Day Moving Average and 200-Day Moving Average of $0.12 and $1.21 respectively.

THE BRAINY BRANDS (OTC:TBBC) has market capitalization of $30.60 million with enterprise value of $30 million.

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