RGC Resources Inc. (RGCO) was one of the weakest stocks in the utilities sector of the NYSE and NASDAQ listed companies on August 19, skidding 3.57% to close the day at $23.2 after closing the day prior at $24.06. Throughout the day, shares of RGCO traded as high as $24.58 and as low as $22.32. Today’s decline came with about 18,969 shares changing hands, compared to an average 30-day volume of 1,930 for RGC Resources Inc.. The price is currently below the 30-day volume weighted average price of $23.31 for RGCO.
The share depreciation gives the company a market capitalization of $114.98 million based upon 4.78 million shares outstanding. It also means that RGCO has a price-to-book ratio of 2.03:1.
In the past 52 weeks, shares of RGCO have traded as low as $20.0 and as high as $25.9999. Technical traders will take note that at $23.2, shares of RGCO are trading above their 200-day MA at $22.18 and below their 50-day MA at $24.6. 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 RGCO?
RGC Resources Inc is an energy services company engaged in the regulated sale and distribution of natural gas through its subsidiary. The company’s 133 employees are led by CEO John S. D'Orazio from the corporate headquarters at 519 Kimball Avenue North East in Roanoke, VA.
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Source: Financial Press News
(August 19, 2016 - 3:42 PM EDT)
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