Global Water Resources Inc (NASDAQ:GWRS) Director Trevor T. Hill sold 1,963 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $9.78, for a total value of $19,198.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Global Water Resources Inc (GWRS) traded up $0.05 on Monday, reaching $9.73. The company’s stock had a trading volume of 9,800 shares, compared to its average volume of 19,306. Global Water Resources Inc has a 52-week low of $7.90 and a 52-week high of $10.00. The company has a debt-to-equity ratio of 8.55, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $191.01, a price-to-earnings ratio of 121.63, a price-to-earnings-growth ratio of 7.21 and a beta of 0.19.
The business also recently declared a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.0236 dividend. This is a positive change from Global Water Resources’s previous monthly dividend of $0.02. This represents a $0.28 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, December 14th. Global Water Resources’s dividend payout ratio (DPR) is currently 350.04%.
A number of research firms recently weighed in on GWRS. Roth Capital set a $11.00 price target on Global Water Resources and gave the company a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research cut Global Water Resources from a “hold” rating to a “sell” rating in a report on Friday, August 11th.
Global Water Resources Company Profile
Global Water Resources, Inc is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.
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