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

Global Water Resources, Inc. (NASDAQ:GWRS)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.45 and traded as low as $10.16. Global Water Resources shares last traded at $10.20, with a volume of 44,172 shares traded.

Global Water Resources Stock Down 4.9 %

The firm has a fifty day simple moving average of $11.45 and a 200 day simple moving average of $12.11. 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 company has a market cap of $247.11 million, a PE ratio of 37.78, a PEG ratio of 2.53 and a beta of 1.01.

Global Water Resources (NASDAQ:GWRS) last released its earnings results on Wednesday, March 5th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $13.29 million during the quarter, compared to analysts’ expectations of $12.70 million. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. Equities research analysts predict that Global Water Resources, Inc. will post 0.28 EPS for the current year.

Global Water Resources Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.0253 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Monday, March 17th. Global Water Resources’s dividend payout ratio (DPR) is presently 125.00%.

Hedge Funds Weigh In On Global Water Resources

A number of large investors have recently modified their holdings of the company. Wesbanco Bank Inc. acquired a new position in Global Water Resources during the fourth quarter valued at approximately $356,000. Avanza Fonder AB acquired a new position in shares of Global Water Resources during the 4th quarter valued at $327,000. JPMorgan Chase & Co. lifted its holdings in shares of Global Water Resources by 110.3% during the 4th quarter. JPMorgan Chase & Co. now owns 44,067 shares of the utilities provider’s stock valued at $507,000 after acquiring an additional 23,113 shares in the last quarter. Perritt Capital Management Inc increased its holdings in Global Water Resources by 105.9% in the 4th quarter. Perritt Capital Management Inc now owns 35,000 shares of the utilities provider’s stock valued at $402,000 after purchasing an additional 18,000 shares in the last quarter. Finally, Barclays PLC raised its position in Global Water Resources by 89.3% in the third quarter. Barclays PLC now owns 31,663 shares of the utilities provider’s stock valued at $400,000 after purchasing an additional 14,936 shares during the period. 27.91% of the stock is currently owned by hedge funds and other institutional investors.

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.