Corning Natural Gas (OTCMKTS:CNIG) Share Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Corning Natural Gas Holding Corp. (OTCMKTS:CNIG) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.70 and traded as low as $24.66. Corning Natural Gas shares last traded at $24.70, with a volume of 4,000 shares changing hands.

Corning Natural Gas Trading Up 0.3%

The firm has a fifty day moving average of $24.70 and a 200-day moving average of $24.70.

Hedge Funds Weigh In On Corning Natural Gas

A hedge fund recently bought a new stake in Corning Natural Gas stock. S&CO Inc. bought a new position in shares of Corning Natural Gas Holding Corp. (OTCMKTS:CNIG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,550 shares of the utilities provider’s stock, valued at approximately $651,000.

Corning Natural Gas Company Profile

Corning Natural Gas Corporation is a publicly traded utility company that engages in the purchase, transport and distribution of natural gas to residential, commercial and industrial customers. As a regulated local gas distribution company, it acquires natural gas supplies from interstate pipelines and field producers, then delivers and meters the fuel through its network of transmission mains, distribution lines and service connections. The company’s operations encompass routine system maintenance, pipeline integrity inspections and emergency response services, ensuring safe and reliable gas delivery throughout its service area.

Founded in the mid-19th century and headquartered in Corning, New York, Corning Natural Gas has developed a network serving communities in New York’s Southern Tier and Finger Lakes regions.