Global Water Resources (NASDAQ:GWRS) Shares Pass Below Fifty Day Moving Average – Time to Sell?

Global Water Resources, Inc. (NASDAQ:GWRS)’s stock price crossed 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 changing hands.

Global Water Resources Price Performance

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 $283.88 million, a P/E ratio of 43.41, a P/E/G ratio of 2.97 and a beta of 0.99. The company’s 50 day simple moving average is $12.32 and its 200 day simple moving average is $12.43.

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 net margin of 12.52% and a return on equity of 14.23%. The firm had revenue of $14.32 million during the quarter, compared to the consensus estimate of $14.65 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. As a group, equities analysts forecast that Global Water Resources, Inc. will post 0.28 earnings per share for the current year.

Global Water Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given 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 is 111.11%.

Institutional Investors Weigh In On Global Water Resources

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position 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. Dynamic Advisor Solutions LLC increased its position 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. Avanza Fonder AB bought a new stake in shares of Global Water Resources during the fourth quarter worth $327,000. Barclays PLC increased its position 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 bought a new stake in shares of Global Water Resources during the second quarter worth $857,000. 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.