York Water (NASDAQ:YORW) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of The York Water Company (NASDAQ:YORW) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.01 and traded as high as $33.00. York Water shares last traded at $33.00, with a volume of 111,786 shares trading hands.

Analyst Ratings Changes

Several analysts have commented on the company. Cantor Fitzgerald set a $31.00 target price on York Water in a research note on Monday. Weiss Ratings upgraded York Water from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $31.00.

York Water Stock Up 0.9%

The company’s 50 day moving average price is $30.85 and its two-hundred day moving average price is $31.03. The company has a current ratio of 1.05, a quick ratio of 0.60 and a debt-to-equity ratio of 0.64. The firm has a market cap of $540.62 million, a PE ratio of 20.69 and a beta of 0.60.

York Water (NASDAQ:YORW) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.40 by $0.09. The firm had revenue of $23.52 million during the quarter, compared to analyst estimates of $22.18 million. York Water had a return on equity of 9.38% and a net margin of 28.53%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in YORW. Renaissance Technologies LLC grew its stake in shares of York Water by 80.8% during the 1st quarter. Renaissance Technologies LLC now owns 204,036 shares of the utilities provider’s stock valued at $6,213,000 after acquiring an additional 91,200 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in York Water by 36.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 326,730 shares of the utilities provider’s stock worth $9,949,000 after acquiring an additional 86,917 shares during the period. John G Ullman & Associates Inc. bought a new stake in York Water during the 4th quarter worth approximately $1,180,000. CenterBook Partners LP lifted its holdings in York Water by 156.1% during the fourth quarter. CenterBook Partners LP now owns 88,060 shares of the utilities provider’s stock valued at $2,804,000 after purchasing an additional 53,677 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in York Water by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 146,209 shares of the utilities provider’s stock valued at $4,452,000 after purchasing an additional 1,849 shares in the last quarter. Institutional investors own 49.86% of the company’s stock.

About York Water

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.