Global Water Resources Stock Up 0.8 %
Global Water Resources stock opened at $14.34 on Friday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.04 and a current ratio of 1.04. The business’s 50-day simple moving average is $13.67 and its two-hundred day simple moving average is $14.71. The company has a market cap of $325.76 million, a PE ratio of 65.18, a PEG ratio of 4.98 and a beta of 0.69. Global Water Resources has a fifty-two week low of $12.54 and a fifty-two week high of $21.25.
Global Water Resources (NASDAQ:GWRS – Get Rating) last posted its quarterly earnings results on Wednesday, May 4th. The utilities provider reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. The business had revenue of $10.03 million for the quarter, compared to the consensus estimate of $10.00 million. Global Water Resources had a return on equity of 11.62% and a net margin of 11.05%. Equities analysts anticipate that Global Water Resources will post 0.19 EPS for the current year.
Insider Transactions at Global Water Resources
Hedge Funds Weigh In On Global Water Resources
Large investors have recently bought and sold shares of the business. Lazard Asset Management LLC raised its holdings in Global Water Resources by 685.1% in the 4th quarter. Lazard Asset Management LLC now owns 1,476 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 1,288 shares during the period. Amalgamated Bank acquired a new position in Global Water Resources in the 1st quarter worth about $34,000. Allspring Global Investments Holdings LLC acquired a new position in Global Water Resources in the 4th quarter worth about $167,000. Silverhawk Asset Management LLC acquired a new position in Global Water Resources in the 4th quarter worth about $185,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in Global Water Resources in the 1st quarter worth about $197,000. Institutional investors and hedge funds own 31.93% of the company’s stock.
About Global Water Resources
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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