Global Water Resources (NASDAQ:GWRS) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Global Water Resources, Inc. (NASDAQ:GWRS) shares passed 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 traded.

Global Water Resources Price Performance

The firm’s 50-day moving average is $11.76 and its two-hundred day moving average is $12.32. The company has a market cap of $276.83 million, a P/E ratio of 42.33, a PEG 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 Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.0253 dividend. This represents a $0.30 annualized dividend and a yield of 2.66%. The ex-dividend date is Friday, February 14th. Global Water Resources’s dividend payout ratio is presently 111.11%.

Institutional Investors Weigh In On Global Water Resources

Several large investors have recently bought and sold shares of GWRS. 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 purchasing an additional 1,496 shares during the last quarter. Barclays PLC increased its position in Global Water Resources by 89.3% during the third quarter. Barclays PLC now owns 31,663 shares of the utilities provider’s stock valued at $400,000 after acquiring an additional 14,936 shares during the last quarter. Geode Capital Management LLC increased its position in Global Water Resources by 3.3% during the third quarter. Geode Capital Management LLC now owns 272,509 shares of the utilities provider’s stock valued at $3,431,000 after acquiring an additional 8,593 shares during the last quarter. JPMorgan Chase & Co. increased its position 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 valued at $264,000 after acquiring an additional 12,636 shares during the last quarter. Finally, Avanza Fonder AB bought a new position in Global Water Resources during the fourth quarter valued at $327,000. Institutional investors own 27.91% of the company’s stock.

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.