Shares in box mover and IT services company, Volante Group (ASX:VGL), were trashed again yesterday diving to a new 12 month low.

Yesterday's closing share price of 81.5c, a drop of 3.5c in a day of heavy selling, takes Volante's market valuation to less than half of what the company was worth in January this year, when shares were at $1.70.

The downward slide was triggered late last month when the company issued a profit warning for the half ended 31 December 2005. Bottom learning earnings are expected to be down by up to 39% for the half due to slow box sales. Volante is moving the focus of the company to services.