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

Shares of Global Water Resources, Inc. (NASDAQ:GWRS) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.53 and traded as low as $11.35. Global Water Resources shares last traded at $11.35, with a volume of 22,923 shares trading hands.

Global Water Resources Stock Down 1.6 %

The firm has a 50 day simple moving average of $11.53 and a two-hundred day simple moving average of $12.21. The company has a market capitalization of $274.97 million, a PE ratio of 42.04, a P/E/G ratio of 2.53 and a beta of 1.01. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 2.47.

Global Water Resources (NASDAQ:GWRS) last announced its earnings results on Wednesday, March 5th. The utilities provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. The company had revenue of $13.29 million during the quarter, compared to analysts’ expectations of $12.70 million. Research analysts expect that Global Water Resources, Inc. will post 0.28 EPS for the current year.

Global Water Resources Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.0253 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.30 annualized dividend and a dividend yield of 2.68%. Global Water Resources’s dividend payout ratio is currently 125.00%.

Institutional Trading of Global Water Resources

Hedge funds have recently modified their holdings of the business. Gitterman Wealth Management LLC acquired a new stake in shares of Global Water Resources in the 4th quarter valued at approximately $123,000. Deutsche Bank AG lifted its holdings in shares of Global Water Resources by 4,273.8% in the 4th quarter. Deutsche Bank AG now owns 15,002 shares of the utilities provider’s stock valued at $173,000 after buying an additional 14,659 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Global Water Resources by 7.0% in the 4th quarter. Ameriprise Financial Inc. now owns 20,210 shares of the utilities provider’s stock valued at $232,000 after buying an additional 1,327 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Global Water Resources by 151.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,954 shares of the utilities provider’s stock valued at $264,000 after buying an additional 12,636 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Global Water Resources by 61.8% in the 4th quarter. Bank of America Corp DE now owns 24,539 shares of the utilities provider’s stock valued at $282,000 after buying an additional 9,370 shares during the period. 27.91% of the stock is owned by institutional investors and hedge funds.

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.