Global Water Resources (NASDAQ:GWRS) Share Price Crosses Below 50-Day Moving Average - Here's Why

Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 traded.

Global Water Resources Stock Up 1.5 %

The stock has a fifty day moving average of $12.29 and a 200-day moving average of $12.43. The firm has a market capitalization of $287.98 million, a price-to-earnings ratio of 44.04, a PEG ratio of 2.51 and a beta of 0.99. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%. The firm had revenue of $14.32 million for the quarter, compared to analysts' expectations of $14.65 million. During the same quarter last year, the business posted $0.11 EPS. As a group, sell-side analysts expect that Global Water Resources, Inc. will post 0.28 EPS for the current year.

Global Water Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.0253 dividend. The ex-dividend date is Friday, January 17th. This represents a $0.30 annualized dividend and a dividend yield of 2.56%. Global Water Resources's dividend payout ratio (DPR) is presently 111.11%.

Hedge Funds Weigh In On Global Water Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Global Water Resources by 151.9% in the third 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 in the last quarter. Avanza Fonder AB acquired a new position in Global Water Resources during the fourth quarter valued at $327,000. Dynamic Advisor Solutions LLC lifted its stake in Global Water Resources by 4.2% in the 3rd 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. Barclays PLC boosted its position in Global Water Resources by 89.3% during the 3rd quarter. Barclays PLC now owns 31,663 shares of the utilities provider's stock worth $400,000 after acquiring an additional 14,936 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new position in Global Water Resources during the 2nd quarter valued at about $857,000. Institutional investors and hedge funds 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.