Global Water Resources (NASDAQ:GWRS) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Global Water Resources, Inc. (NASDAQ:GWRS) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $12.32 and traded as low as $11.62. Global Water Resources shares last traded at $11.72, with a volume of 32,104 shares trading hands.

Global Water Resources Price Performance

The business’s 50 day moving average is $12.32 and its two-hundred day moving average is $12.43. The firm has a market capitalization of $283.88 million, a PE ratio of 43.41, a P/E/G ratio of 2.97 and a beta of 0.99. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63.

Global Water Resources (NASDAQ:GWRS) last announced its earnings results on Wednesday, November 6th. The utilities provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $14.32 million for the quarter, compared to the consensus estimate of $14.65 million. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. During the same period last year, the firm posted $0.11 earnings per share. As a group, research analysts anticipate that Global Water Resources, Inc. will post 0.28 EPS for the current year.

Global Water Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.0253 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, January 17th. Global Water Resources’s dividend payout ratio (DPR) is presently 111.11%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in shares of Global Water Resources by 151.9% during the third quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock worth $264,000 after acquiring an additional 12,636 shares in the last quarter. Avanza Fonder AB purchased a new position in shares of Global Water Resources during the fourth quarter worth approximately $327,000. Dynamic Advisor Solutions LLC raised its stake 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 acquiring an additional 1,055 shares in the last quarter. Barclays PLC raised its stake in shares of Global Water Resources by 89.3% during the third quarter. Barclays PLC now owns 31,663 shares of the utilities provider’s stock worth $400,000 after acquiring an additional 14,936 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Global Water Resources during the second quarter worth approximately $857,000. 27.91% of the stock is owned by hedge funds and other institutional investors.

Global Water Resources Company Profile

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.