United Utilities Group (OTCMKTS:UUGRY) Stock Price Passes Below 50-Day Moving Average – What’s Next?

United Utilities Group PLC (OTCMKTS:UUGRY) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $36.29 and traded as low as $34.19. United Utilities Group shares last traded at $34.20, with a volume of 24,716 shares.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on UUGRY shares. Citigroup lowered shares of United Utilities Group from a “buy” rating to a “neutral” rating in a research report on Friday, May 1st. Royal Bank Of Canada restated a “sector perform” rating on shares of United Utilities Group in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of United Utilities Group in a research report on Monday, June 8th. Finally, Kepler Capital Markets lowered shares of United Utilities Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

United Utilities Group Stock Down 1.5%

The business’s fifty day moving average is $36.29 and its 200-day moving average is $34.85. The company has a debt-to-equity ratio of 5.50, a current ratio of 2.22 and a quick ratio of 2.21.

About United Utilities Group

United Utilities Group (OTCMKTS:UUGRY) is a leading regulated water and wastewater services provider in the United Kingdom, serving more than seven million residents and businesses across North West England. Headquartered in Warrington, the company manages an integrated network of treatment works, reservoirs, pumping stations and more than 26,000 kilometres of water mains. Through its regulated arm, it supplies potable water and collects, transports and treats wastewater, ensuring compliance with environmental and public health standards set by Ofwat and the Environment Agency.

In addition to its core water and wastewater operations, United Utilities has expanded into related services including flood risk management, environmental consultancy and renewable energy generation.