Global Water Resources (NASDAQ:GWRS) Stock Price Passes Below Fifty Day Moving Average - Here's Why

Shares of Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report) 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.

Global Water Resources Trading Up 1.5 %

The firm has a 50-day moving average of $12.29 and a 200 day moving average of $12.43. 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 stock 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.

Global Water Resources (NASDAQ:GWRS - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The company had revenue of $14.32 million for the quarter, compared to analyst estimates of $14.65 million. Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%. During the same period last year, the company earned $0.11 earnings per share. As a group, equities analysts predict that Global Water Resources, Inc. will post 0.28 EPS for the current fiscal year.

Global Water Resources Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.0253 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Friday, January 17th. Global Water Resources's dividend payout ratio is currently 111.11%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC bought a new position in Global Water Resources during the 2nd quarter valued at $857,000. Renaissance Technologies LLC lifted its holdings in shares of Global Water Resources by 2.6% in the second quarter. Renaissance Technologies LLC now owns 240,447 shares of the utilities provider's stock valued at $2,909,000 after buying an additional 6,000 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in 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 valued at $331,000 after buying an additional 1,055 shares in the last quarter. State Street Corp grew its holdings in Global Water Resources by 0.7% during the third quarter. State Street Corp now owns 220,872 shares of the utilities provider's stock worth $2,781,000 after acquiring an additional 1,496 shares during the period. Finally, Barclays PLC raised its position in Global Water Resources by 89.3% in 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. Institutional investors and hedge funds 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.