RGC Resources (NASDAQ:RGCO) Stock Passes Below 200-Day Moving Average – Should You Sell?

RGC Resources Inc. (NASDAQ:RGCO) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.82 and traded as low as $21.05. RGC Resources shares last traded at $21.05, with a volume of 17,533 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RGCO shares. Weiss Ratings upgraded RGC Resources from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Wall Street Zen raised RGC Resources from a “sell” rating to a “hold” rating in a research note on Sunday, February 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, RGC Resources currently has a consensus rating of “Buy”.

RGC Resources Trading Down 0.1%

The company has a quick ratio of 0.58, a current ratio of 0.80 and a debt-to-equity ratio of 1.19. The company has a market cap of $218.71 million, a P/E ratio of 16.98 and a beta of 0.52. The business has a 50-day moving average price of $21.67 and a two-hundred day moving average price of $21.82.

RGC Resources (NASDAQ:RGCO) last announced its quarterly earnings data on Thursday, February 5th. The energy company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.05). RGC Resources had a net margin of 13.11% and a return on equity of 11.11%. The business had revenue of $30.26 million during the quarter, compared to analyst estimates of $28.21 million. On average, analysts predict that RGC Resources Inc. will post 1.23 EPS for the current year.

Hedge Funds Weigh In On RGC Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prospera Financial Services Inc bought a new stake in shares of RGC Resources in the 2nd quarter valued at $3,544,000. Los Angeles Capital Management LLC bought a new position in RGC Resources during the second quarter worth about $381,000. Creekmur Asset Management LLC acquired a new position in RGC Resources in the second quarter valued at about $59,000. JPMorgan Chase & Co. increased its holdings in shares of RGC Resources by 24.6% in the third quarter. JPMorgan Chase & Co. now owns 12,678 shares of the energy company’s stock worth $284,000 after acquiring an additional 2,502 shares in the last quarter. Finally, Teton Advisors LLC bought a new stake in shares of RGC Resources in the third quarter worth about $2,154,000. Institutional investors own 35.77% of the company’s stock.

About RGC Resources

RGC Resources, Inc (NASDAQ: RGCO) is a natural gas distribution and transmission company headquartered in Wheeling, West Virginia. Through its regulated subsidiaries, the company provides energy delivery services to residential, commercial and industrial customers across northern West Virginia, western Pennsylvania and parts of Maryland. RGC Resources focuses on maintaining a safe and efficient local pipeline network to ensure reliable supply to its service areas.

The company operates two primary business segments: distribution and transmission.