IES Holdings Inc. (IESC) has lent support to NYSE and NASDAQ listed companies in the industrial goods sector by being one of the best performers during morning trading on September 22. At the lunch break, shares of IESC have jumped 3.5% to $16.57 after closing the day prior at $16.01. In the first two and a half hours of trading, the stock has gone as high as $16.63 and as low as $16.04. Today’s rise has come with about 16,353 shares changing hands, compared to an average 30-day volume of 85,417 for IES Holdings Inc.. The price is currently below the 30-day volume weighted average price of $16.37 for IESC.
The share appreciation gives the company a market capitalization of $343.44 million based upon 21.45 million shares outstanding. It also means that IESC has a price-to-book ratio of 2.85:1.
In the past 52 weeks, shares of IESC have traded as low as $7.06 and as high as $18.16. Technical traders will take note that at $16.57, shares of IESC are trading above their 200-day MA at $13.29 and above their 50-day MA at $15.44. 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 IESC?
IES Holdings Inc is a holding company. The Company owns and manages operating subsidiaries comprised of provider of industrial products and infrastructure services to a variety of end markets. The company’s 3106 employees are led by CEO Robert W. Lewey from the corporate headquarters at 5433 Westheimer Road in Houston, TX.
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