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

Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report) shares 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 changing hands.

Global Water Resources Trading Down 1.6 %

The firm has a market cap 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. The business has a fifty day moving average price of $11.53 and a 200 day moving average price of $12.21.

Global Water Resources (NASDAQ:GWRS - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). The firm had revenue of $13.29 million for the quarter, compared to analysts' expectations of $12.70 million. Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%. Analysts forecast that Global Water Resources, Inc. will post 0.28 EPS for the current year.

Global Water Resources Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.0253 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.30 dividend on an annualized basis and a yield of 2.68%. Global Water Resources's dividend payout ratio is presently 125.00%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Gitterman Wealth Management LLC purchased a new position in Global Water Resources during the 4th quarter worth approximately $123,000. Deutsche Bank AG grew its stake in Global Water Resources by 4,273.8% during the 4th quarter. Deutsche Bank AG now owns 15,002 shares of the utilities provider's stock worth $173,000 after buying an additional 14,659 shares during the last quarter. Ameriprise Financial Inc. grew its stake 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 purchasing an additional 1,327 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 purchasing an additional 12,636 shares during the last quarter. Finally, Bank of America Corp DE grew its stake 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 purchasing an additional 9,370 shares during the last quarter. Hedge funds and other institutional investors own 27.91% of the company's stock.

About Global Water Resources

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.

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