Global Water Resources (NASDAQ:GWRS) Stock Price Crosses Below Fifty Day Moving Average - What's Next?

Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report)'s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.45 and traded as low as $10.16. Global Water Resources shares last traded at $10.20, with a volume of 44,172 shares traded.

Global Water Resources Stock Performance

The firm has a market capitalization of $249.04 million, a price-to-earnings ratio of 38.07, a PEG ratio of 2.53 and a beta of 1.01. 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 firm has a 50 day moving average price of $11.34 and a 200-day moving average price of $12.06.

Global Water Resources (NASDAQ:GWRS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $0.04 earnings per share (EPS) 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. As a group, sell-side analysts expect that Global Water Resources, Inc. will post 0.28 earnings per share for the current fiscal year.

Global Water Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.0253 per share. This represents a $0.30 annualized dividend and a yield of 2.96%. The ex-dividend date is Monday, March 17th. Global Water Resources's dividend payout ratio (DPR) is presently 125.00%.

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Institutional Investors Weigh In On Global Water Resources

Institutional investors have recently modified their holdings of the company. Gitterman Wealth Management LLC acquired a new stake in Global Water Resources in the fourth quarter valued at $123,000. Deutsche Bank AG raised its position in shares of 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 acquiring an additional 14,659 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Global Water Resources by 7.0% during the fourth quarter. Ameriprise Financial Inc. now owns 20,210 shares of the utilities provider's stock worth $232,000 after purchasing an additional 1,327 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in 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 purchasing an additional 12,636 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Global Water Resources by 61.8% in the fourth 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 in the last quarter. 27.91% of the stock is owned by hedge funds and other institutional investors.

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.