Home / Industrial Goods / Industrial Goods Sector Bolstered by 9.19% Midday Gain for Real Goods Solar Inc. (RGSE) on September 23

Industrial Goods Sector Bolstered by 9.19% Midday Gain for Real Goods Solar Inc. (RGSE) on September 23

Real Goods Solar Inc. (RGSE) 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 23. At the lunch break, shares of RGSE have jumped 9.19% to $2.02 after closing the day prior at $1.85. In the first two and a half hours of trading, the stock has gone as high as $2.26 and as low as $1.86. Today’s rise has come with about 1.86 million shares changing hands, compared to an average 30-day volume of 126,670 for Real Goods Solar Inc.. The price is currently below the 30-day volume weighted average price of $2.09 for RGSE.

The share appreciation gives the company a market capitalization of $1.23 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 $1.6401 and as high as $31.6. Technical traders will take note that at $2.02, shares of RGSE are trading below their 200-day MA at $8.84 and below their 50-day MA at $6.13. 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 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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