Global Water Resources (NASDAQ:GWRS) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Global Water Resources, Inc. (NASDAQ:GWRS) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $12.70 and traded as low as $11.24. Global Water Resources shares last traded at $11.43, with a volume of 19,375 shares.

Global Water Resources Stock Down 0.3 %

The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.63 and a current ratio of 1.62. The firm has a market capitalization of $278.55 million, a P/E ratio of 42.59, a P/E/G ratio of 2.95 and a beta of 0.96. The stock has a fifty day moving average price of $12.64 and a two-hundred day moving average price of $12.49.

Global Water Resources (NASDAQ:GWRS) last released its earnings results on Wednesday, November 6th. The utilities provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. The firm had revenue of $14.32 million during the quarter, compared to analyst estimates of $14.65 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Research analysts forecast that Global Water Resources, Inc. will post 0.28 EPS for the current year.

Global Water Resources Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a dividend of $0.0253 per share. This is a positive change from Global Water Resources’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.30 annualized dividend and a yield of 2.64%. Global Water Resources’s dividend payout ratio is 111.11%.

Hedge Funds Weigh In On Global Water Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of GWRS. Geode Capital Management LLC raised its position 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 worth $3,431,000 after purchasing an additional 8,593 shares during the period. Renaissance Technologies LLC grew its stake in Global Water Resources by 2.6% during the 2nd quarter. Renaissance Technologies LLC now owns 240,447 shares of the utilities provider’s stock worth $2,909,000 after buying an additional 6,000 shares during the last quarter. State Street Corp increased its position in Global Water Resources by 0.7% in the third quarter. State Street Corp now owns 220,872 shares of the utilities provider’s stock worth $2,781,000 after buying an additional 1,496 shares during the period. Panagora Asset Management Inc. lifted its stake 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 valued at $1,163,000 after buying an additional 8,033 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Global Water Resources during the second quarter valued at $857,000. 27.91% of the stock is currently owned by institutional investors and hedge funds.

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.