Wall Street Zen Downgrades Global Water Resources (NASDAQ:GWRS) to Sell

Key Points

• Global Water Resources (NASDAQ:GWRS) was downgraded from a "hold" rating to a "sell" rating by stock analysts at Wall Street Zen.
• The company recently reported a quarterly earnings per share of $0.06, meeting analysts' consensus estimates, with revenue totaling $14.24 million.
• Institutional investors now hold approximately 27.91% of Global Water Resources' stock after several notable stakes were acquired during recent quarters.

Global Water Resources (NASDAQ:GWRS - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Friday.

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of Global Water Resources in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Global Water Resources Stock Up 0.5%

Shares of NASDAQ:GWRS traded up $0.05 during trading on Friday, reaching $10.04. 32,894 shares of the stock traded hands, compared to its average volume of 55,358. The stock has a market cap of $275.80 million, a P/E ratio of 45.64 and a beta of 1.06. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50-day moving average of $9.85 and a two-hundred day moving average of $10.16. Global Water Resources has a 52-week low of $9.27 and a 52-week high of $13.98.

Global Water Resources (NASDAQ:GWRS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The utilities provider reported $0.06 earnings per share for the quarter, hitting analysts' consensus estimates of $0.06. Global Water Resources had a net margin of 10.27% and a return on equity of 9.67%. The company had revenue of $14.24 million during the quarter, compared to analyst estimates of $14.20 million. As a group, sell-side analysts expect that Global Water Resources will post 0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Global Water Resources during the second quarter worth about $27,000. Tower Research Capital LLC TRC grew its holdings in Global Water Resources by 258.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,898 shares of the utilities provider's stock valued at $40,000 after buying an additional 2,812 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Global Water Resources during the first quarter valued at approximately $109,000. Blair William & Co. IL purchased a new position in shares of Global Water Resources in the first quarter worth $113,000. Finally, Atria Investments Inc bought a new position in shares of Global Water Resources during the second quarter worth $160,000. Institutional investors own 27.91% 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 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.

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