News headlines about Global Water Resources (NASDAQ:GWRS) have trended somewhat positive on Monday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Global Water Resources earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 46.2243974184697 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Separately, Zacks Investment Research downgraded shares of Global Water Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd.
Shares of Global Water Resources (NASDAQ GWRS) traded down $0.19 during mid-day trading on Monday, hitting $8.78. 32,400 shares of the stock were exchanged, compared to its average volume of 22,056. The company has a debt-to-equity ratio of 8.55, a quick ratio of 1.21 and a current ratio of 1.21. Global Water Resources has a 12-month low of $7.90 and a 12-month high of $10.00. The company has a market cap of $172.36, a P/E ratio of 109.76, a price-to-earnings-growth ratio of 4.88 and a beta of 0.24.
The business also recently declared a monthly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th will be paid a $0.024 dividend. The ex-dividend date is Friday, January 12th. This represents a $0.29 annualized dividend and a yield of 3.28%. This is a boost from Global Water Resources’s previous monthly dividend of $0.02. Global Water Resources’s payout ratio is presently 350.04%.
In other Global Water Resources news, Director Trevor T. Hill sold 3,206 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $9.76, for a total value of $31,290.56. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Trevor T. Hill sold 2,814 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $9.80, for a total transaction of $27,577.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 2,829,598 shares of company stock worth $26,286,789 and have sold 8,193 shares worth $80,116. 49.20% of the stock is currently owned by corporate insiders.
Global Water Resources Company Profile
Global Water Resources, Inc is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.
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