Global Water Resources (NASDAQ:GWRS) Shares Cross Below 50 Day Moving Average - Should You Sell?

Shares of Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $12.54 and traded as low as $12.36. Global Water Resources shares last traded at $12.37, with a volume of 8,959 shares trading hands.

Global Water Resources Stock Down 1.6 %

The firm has a 50-day moving average of $12.55 and a two-hundred day moving average of $12.46. The stock has a market capitalization of $294.22 million, a price-to-earnings ratio of 46.81, a price-to-earnings-growth ratio of 2.99 and a beta of 0.97. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 2.53.

Global Water Resources (NASDAQ:GWRS - Get Free Report) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). The business had revenue of $13.51 million during the quarter, compared to analyst estimates of $13.60 million. Global Water Resources had a net margin of 11.91% and a return on equity of 13.45%. During the same quarter in the prior year, the company earned $0.07 EPS. As a group, sell-side analysts anticipate that Global Water Resources, Inc. will post 0.27 earnings per share for the current year.

Global Water Resources Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $0.30 dividend on an annualized basis and a yield of 2.47%. Global Water Resources's payout ratio is 115.38%.

Institutional Trading of Global Water Resources

A number of institutional investors have recently bought and sold shares of the company. Dynamic Advisor Solutions LLC increased its position 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 purchasing an additional 1,055 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Global Water Resources by 2.6% in the 2nd 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 in the last quarter. Panagora Asset Management Inc. increased its holdings in Global Water Resources by 9.1% in the second quarter. Panagora Asset Management Inc. now owns 96,088 shares of the utilities provider's stock worth $1,163,000 after buying an additional 8,033 shares during the last quarter. Vanguard Group Inc. raised its position in Global Water Resources by 1.3% during the first quarter. Vanguard Group Inc. now owns 678,279 shares of the utilities provider's stock valued at $8,709,000 after acquiring an additional 8,960 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its stake in Global Water Resources by 15.8% in the first quarter. North Star Investment Management Corp. now owns 234,893 shares of the utilities provider's stock valued at $3,016,000 after acquiring an additional 32,100 shares during 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.