Global Water Resources (NASDAQ:GWRS) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Global Water Resources, Inc. (NASDAQ:GWRS)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $12.70 and traded as low as $11.24. Global Water Resources shares last traded at $11.43, with a volume of 19,375 shares.

Global Water Resources Trading Up 1.0 %

The firm’s 50 day moving average price is $12.70 and its 200-day moving average price is $12.50. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63. The stock has a market cap of $276.86 million, a P/E ratio of 42.33, a P/E/G ratio of 2.95 and a beta of 0.96.

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

Global Water Resources Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a $0.0253 dividend. This represents a $0.30 annualized dividend and a yield of 2.66%. This is an increase from Global Water Resources’s previous monthly dividend of $0.02. The ex-dividend date is Monday, December 16th. Global Water Resources’s dividend payout ratio (DPR) is presently 111.11%.

Hedge Funds Weigh In On Global Water Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its position in Global Water Resources by 89.3% in the 3rd quarter. Barclays PLC now owns 31,663 shares of the utilities provider’s stock worth $400,000 after purchasing an additional 14,936 shares during the period. Geode Capital Management LLC boosted its stake in shares of Global Water Resources by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 272,509 shares of the utilities provider’s stock worth $3,431,000 after buying an additional 8,593 shares during the last quarter. State Street Corp grew its holdings in shares of Global Water Resources by 0.7% in the third quarter. State Street Corp now owns 220,872 shares of the utilities provider’s stock worth $2,781,000 after acquiring an additional 1,496 shares during the period. Dynamic Advisor Solutions LLC increased its position in 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 valued at $331,000 after acquiring an additional 1,055 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Global Water Resources by 2.6% in the second quarter. Renaissance Technologies LLC now owns 240,447 shares of the utilities provider’s stock valued at $2,909,000 after acquiring an additional 6,000 shares during the period. Institutional investors own 27.91% of the company’s stock.

About Global Water Resources

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.