Global Water Resources (NASDAQ:GWRS) Shares Cross Below 50-Day Moving Average – Time to Sell?

by · The Cerbat Gem

Global Water Resources, Inc. (NASDAQ:GWRS – Get Free Report) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $12.43 and traded as low as $12.07. Global Water Resources shares last traded at $12.12, with a volume of 8,774 shares traded.

Global Water Resources Trading Down 0.4 %

The company has a fifty day moving average of $12.40 and a two-hundred day moving average of $12.47. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 2.53. The stock has a market capitalization of $291.08 million, a price-to-earnings ratio of 46.31, a price-to-earnings-growth ratio of 3.18 and a beta of 0.97.

Global Water Resources (NASDAQ:GWRS – Get Free Report) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Global Water Resources had a return on equity of 13.45% and a net margin of 11.91%. The company had revenue of $13.51 million during the quarter, compared to analyst estimates of $13.60 million. During the same quarter last year, the firm posted $0.07 earnings per share. On average, research analysts expect that Global Water Resources, Inc. will post 0.27 EPS for the current year.

Global Water Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.49%. Global Water Resources’s dividend payout ratio (DPR) is presently 115.38%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Dynamic Advisor Solutions LLC lifted its holdings in shares of Global Water Resources by 4.2% during the third quarter. Dynamic Advisor Solutions LLC now owns 26,268 shares of the utilities provider’s stock worth $331,000 after buying an additional 1,055 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Global Water Resources during the second quarter worth approximately $857,000. Panagora Asset Management Inc. lifted its holdings in shares of Global Water Resources by 9.1% during the second quarter. Panagora Asset Management Inc. now owns 96,088 shares of the utilities provider’s stock worth $1,163,000 after buying an additional 8,033 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Global Water Resources by 2.6% during the second quarter. Renaissance Technologies LLC now owns 240,447 shares of the utilities provider’s stock worth $2,909,000 after buying an additional 6,000 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its holdings in shares of Global Water Resources by 15.8% during the first quarter. North Star Investment Management Corp. now owns 234,893 shares of the utilities provider’s stock worth $3,016,000 after buying an additional 32,100 shares during the last quarter. 27.91% of the stock is currently owned by institutional investors and hedge funds.

Global Water Resources Company Profile

(Get Free Report)

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

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