Corning Natural Gas (OTCMKTS:CNIG) Stock Crosses Above 50-Day Moving Average of $19.40

Corning Natural Gas Holding Corp (OTCMKTS:CNIG) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $19.40 and traded as high as $18.85. Corning Natural Gas shares last traded at $18.85, with a volume of 100 shares trading hands.

The business has a 50 day simple moving average of $19.38 and a 200-day simple moving average of $20.80. The company has a quick ratio of 0.39, a current ratio of 0.63 and a debt-to-equity ratio of 1.01.

Corning Natural Gas (OTCMKTS:CNIG) last released its quarterly earnings results on Monday, August 19th. The utilities provider reported ($0.01) earnings per share for the quarter. Corning Natural Gas had a return on equity of 8.31% and a net margin of 7.90%. The business had revenue of $6.94 million for the quarter.

Corning Natural Gas Company Profile (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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