Real Goods Solar Inc. (RGSE) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the industrial goods sector halfway through the trading day. At the lunch break, shares of RGSE have fallen 7.38% to $1.7 after closing the day prior at $1.83. So far, the stock has traded as high as $1.9 and as low as $1.68. Today’s decline has come with about 206,791 shares changing hands, compared to an average 30-day volume of 76,519 for Real Goods Solar Inc.. The price is currently below the 30-day volume weighted average price of $1.77 for RGSE.
The share depreciation gives the company a market capitalization of $1.21 million based upon 662,816 shares outstanding. It also means that RGSE has a price-to-book ratio of 3.05:1.
In the past 52 weeks, shares of RGSE have traded as low as $1.67 and as high as $31.6. Technical traders will take note that at $1.7, shares of RGSE are trading below their 200-day MA at $8.88 and below their 50-day MA at $6.17. 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 RGSE?
Real Goods Solar Inc is a residential and commercial solar energy engineering, procurement, & construction firm. It offers services, including design, procurement, permitting, build-out, grid connection and warranty & customer satisfaction activities. The company’s 179 employees are led by CEO Dennis Lacey from the corporate headquarters at 833 West South Boulder Road in Louisville, CO.
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