September 2, 2016 - 4:51 PM EDT
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Delta Natural Gas Company Inc. (DGAS) Paces Utilities with 3.01% Gain on September 2

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Delta Natural Gas Company Inc. (DGAS) was one of the best performers amongst all companies listed in the utilities sector on the NYSE and NASDAQ exchanges during trading on September 2, climbing 3.01% to wrap the day at $25.35 after closing the day prior at $24.61. Throughout the trading session, shares of DGAS rose as high as $25.39 and dipped as low as $24.48. Today’s advance came with about 7,929 shares changing hands, compared to an average 30-day volume of 15,331 for Delta Natural Gas Company Inc.. The price is currently below the 30-day volume weighted average price of $25.1 for DGAS.

The share appreciation today gives the company a market capitalization of $174.54 million based upon 7.09 million shares outstanding. It also means that DGAS has a price-to-book ratio of 2.25:1.

In the past 52 weeks, shares of DGAS have traded as low as $20.26 and as high as $28.22. Technical traders will take note that at $25.35, shares of DGAS are trading above their 200-day MA at $23.2 and below their 50-day MA at $25.61. 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 above them is typically regarded as bullish.

Who is DGAS?

Delta Natural Gas Co Inc is engaged in distribution and transportation of natural gas. The Company's business segments are regulated segment and a non-regulated segment. The company’s 148 employees are led by CEO Glenn R. Jennings from the corporate headquarters at 3617 Lexington Road in Winchester, KY.


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Source: Financial Press News (September 2, 2016 - 4:51 PM EDT)

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