Corning Natural Gas (OTCMKTS:CNIG) Stock Price Passes Below 200 Day Moving Average of $17.60

Corning Natural Gas Holding Corp (OTCMKTS:CNIG)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.60 and traded as low as $16.26. Corning Natural Gas shares last traded at $16.26, with a volume of 190 shares.

The firm’s fifty day moving average is $16.78 and its two-hundred day moving average is $17.60. The company has a market cap of $49.91 million, a P/E ratio of 19.36 and a beta of 0.59. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.56 and a current ratio of 0.90.

Corning Natural Gas (OTCMKTS:CNIG) last released its quarterly earnings data on Thursday, May 14th. The utilities provider reported $0.81 EPS for the quarter. Corning Natural Gas had a net margin of 8.89% and a return on equity of 8.20%. The business had revenue of $11.95 million during the quarter.

About Corning Natural Gas (OTCMKTS:CNIG)

Corning Natural Gas Holding Corporation, through its subsidiaries, distributes natural gas and electricity. The company offers natural gas to approximately 15,000 customers through approximately 425 miles of distribution main and 86 regulating stations; and electricity to approximately 4,800 customers through approximately 160 miles of electric distribution wire and poles, and 21 miles of gas distribution pipe.

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