Global Water Resources (NASDAQ:GWRS) Stock Price Down 1.4% – Should You Sell?

Global Water Resources, Inc. (NASDAQ:GWRS)’s share price was down 1.4% during trading on Thursday . The company traded as low as $10.17 and last traded at $10.18. Approximately 38,756 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 35,757 shares. The stock had previously closed at $10.32.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Global Water Resources from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

Global Water Resources Stock Down 1.4%

The company has a market cap of $279.44 million, a P/E ratio of 44.26, a P/E/G ratio of 3.20 and a beta of 1.03. The stock has a 50-day moving average of $10.34 and a two-hundred day moving average of $10.79. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.55 and a current ratio of 1.55.

Global Water Resources (NASDAQ:GWRS) last posted its quarterly earnings results on Wednesday, May 14th. The utilities provider reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Global Water Resources had a net margin of 10.63% and a return on equity of 11.27%. The firm had revenue of $12.46 million for the quarter, compared to the consensus estimate of $12.00 million. On average, research analysts anticipate that Global Water Resources, Inc. will post 0.28 EPS for the current fiscal year.

Global Water Resources Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be given a dividend of $0.0253 per share. The ex-dividend date is Thursday, July 17th. This represents a $0.30 annualized dividend and a yield of 2.99%. Global Water Resources’s payout ratio is 130.43%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in Global Water Resources in the 1st quarter worth $109,000. Blair William & Co. IL bought a new stake in shares of Global Water Resources in the first quarter worth about $113,000. Deutsche Bank AG grew its stake in shares of Global Water Resources by 4,273.8% in the fourth quarter. Deutsche Bank AG now owns 15,002 shares of the utilities provider’s stock worth $173,000 after purchasing an additional 14,659 shares during the last quarter. Rhumbline Advisers increased its holdings in Global Water Resources by 12.0% during the 1st quarter. Rhumbline Advisers now owns 17,595 shares of the utilities provider’s stock valued at $181,000 after purchasing an additional 1,884 shares during the period. Finally, Strs Ohio bought a new position in Global Water Resources during the 1st quarter valued at approximately $191,000. Hedge funds and other 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.