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

Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.76 and traded as low as $11.06. Global Water Resources shares last traded at $11.43, with a volume of 25,641 shares.

Global Water Resources Stock Performance

The business has a fifty day simple moving average of $11.69 and a two-hundred day simple moving average of $12.28. The company has a market cap of $272.72 million, a PE ratio of 41.70, a price-to-earnings-growth ratio of 2.56 and a beta of 0.99. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63.

Global Water Resources Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.0253 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, February 14th. Global Water Resources's payout ratio is currently 111.11%.

Institutional Trading of Global Water Resources

A number of institutional investors have recently modified their holdings of GWRS. State Street Corp raised its stake in shares of Global Water Resources by 0.7% during the 3rd 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 in the last quarter. Barclays PLC increased its position in shares of Global Water Resources by 89.3% during the third quarter. Barclays PLC now owns 31,663 shares of the utilities provider's stock worth $400,000 after purchasing an additional 14,936 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Global Water Resources by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 272,509 shares of the utilities provider's stock valued at $3,431,000 after purchasing an additional 8,593 shares during the last quarter. JPMorgan Chase & Co. boosted its position 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 worth $264,000 after purchasing an additional 12,636 shares in the last quarter. Finally, Avanza Fonder AB purchased a new position in Global Water Resources during the 4th quarter worth $327,000. 27.91% of the stock is currently owned by institutional investors.

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.