United Utilities Group (OTCMKTS:UUGRY) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

United Utilities Group PLC (OTCMKTS:UUGRY)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $36.29 and traded as low as $34.19. United Utilities Group shares last traded at $34.20, with a volume of 24,716 shares trading hands.

Analyst Upgrades and Downgrades

UUGRY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of United Utilities Group in a report on Monday, June 8th. Kepler Capital Markets cut United Utilities Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of United Utilities Group in a report on Tuesday, May 5th. Finally, Citigroup downgraded shares of United Utilities Group from a “buy” rating to a “neutral” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

United Utilities Group Stock Performance

The firm has a fifty day moving average of $36.26 and a 200 day moving average of $34.86. The company has a current ratio of 2.22, a quick ratio of 2.21 and a debt-to-equity ratio of 5.50.

About United Utilities Group

United Utilities Group (OTCMKTS:UUGRY) is a leading regulated water and wastewater services provider in the United Kingdom, serving more than seven million residents and businesses across North West England. Headquartered in Warrington, the company manages an integrated network of treatment works, reservoirs, pumping stations and more than 26,000 kilometres of water mains. Through its regulated arm, it supplies potable water and collects, transports and treats wastewater, ensuring compliance with environmental and public health standards set by Ofwat and the Environment Agency.

In addition to its core water and wastewater operations, United Utilities has expanded into related services including flood risk management, environmental consultancy and renewable energy generation.