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

Global Water Resources, Inc. (NASDAQ:GWRS) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-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.

Global Water Resources Price Performance

The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a 50 day moving average of $12.40 and a two-hundred day moving average of $12.47. The stock has a market cap of $291.08 million, a PE ratio of 46.31, a PEG ratio of 3.18 and a beta of 0.97.

Global Water Resources (NASDAQ:GWRS) last released 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 net margin of 11.91% and a return on equity of 13.45%. The business had revenue of $13.51 million for the quarter, compared to analysts’ expectations of $13.60 million. During the same period last year, the firm earned $0.07 EPS. Equities analysts anticipate that Global Water Resources, Inc. will post 0.27 EPS for the current year.

Global Water Resources Dividend Announcement

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

Hedge Funds Weigh In On Global Water Resources

Several institutional investors and hedge funds have recently bought and sold shares of the business. Dynamic Advisor Solutions LLC lifted its holdings in shares of Global Water Resources by 4.2% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 26,268 shares of the utilities provider’s stock valued at $331,000 after buying an additional 1,055 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Global Water Resources by 2.6% during the 2nd quarter. Renaissance Technologies LLC now owns 240,447 shares of the utilities provider’s stock valued at $2,909,000 after buying an additional 6,000 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Global Water Resources by 9.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 96,088 shares of the utilities provider’s stock valued at $1,163,000 after buying an additional 8,033 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Global Water Resources by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 678,279 shares of the utilities provider’s stock valued at $8,709,000 after buying an additional 8,960 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 1st quarter. North Star Investment Management Corp. now owns 234,893 shares of the utilities provider’s stock valued at $3,016,000 after buying an additional 32,100 shares during the last quarter. Hedge funds and other institutional investors own 27.91% of the company’s stock.

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.