Home / Industrial Goods / Shares of IES Holdings Inc. (IESC) Sink 3.31% in Early Trading on September 23

Shares of IES Holdings Inc. (IESC) Sink 3.31% in Early Trading on September 23

IES Holdings Inc. (IESC) started the trading day on a down note, making it one of the worst performing stocks in the industrial goods sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 23. Shares of IESC have fallen 3.31% about 30 minutes into the session to $16.35 after closing the day prior at $16.91. It’s early, but the stock has traded as high as $16.82 and as low as $16.35 so far. Today’s quick decline has come with about 1,556 shares changing hands, compared to an average 30-day volume of 84,932 for IES Holdings Inc.. The price is currently below the 30-day volume weighted average price of $16.48 for IESC.

The share depreciation gives the company a market capitalization of $362.75 million based upon 21.45 million shares outstanding. It also means that IESC has a price-to-book ratio of 3.01:1.

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 $16.35, shares of IESC are trading above their 200-day MA at $13.34 and above their 50-day MA at $15.48. 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 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.

For more information on IESC and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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