Global Water Resources (TSE:GWR) Stock Crosses Below 200 Day Moving Average of $18.76

Posted by on Aug 2nd, 2022

Global Water Resources, Inc. (TSE:GWR – Get Rating) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$18.76 and traded as low as C$16.94. Global Water Resources shares last traded at C$16.94, with a volume of 302 shares changing hands.

Global Water Resources Stock Down 0.7 %

The company has a debt-to-equity ratio of 381.22, a current ratio of 1.04 and a quick ratio of 0.93. The firm has a market capitalization of C$383.67 million and a PE ratio of 62.74. The company has a 50-day moving average price of C$17.53 and a 200 day moving average price of C$18.76.

Global Water Resources (TSE:GWR – Get Rating) last announced its earnings results on Wednesday, May 4th. The company reported C$0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.01) by C$0.06. The business had revenue of C$12.70 million for the quarter, compared to analysts’ expectations of C$12.60 million. Analysts forecast that Global Water Resources, Inc. will post 0.07 earnings per share for the current year.

Global Water Resources Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were issued a dividend of $0.032 per share. The ex-dividend date was Wednesday, June 15th. This is an increase from Global Water Resources’s previous monthly dividend of $0.03. This represents a $0.38 dividend on an annualized basis and a yield of 2.27%. Global Water Resources’s dividend payout ratio is 108.62%.

About Global Water Resources

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Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2020, it served approximately 74,048 people in approximately 27,630 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

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