York Water (NASDAQ:YORW) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why
York Water's stock price crossed above its 200-day moving average, trading as high as $32.08. Analysts have upgraded the stock to a 'hold' rating. The company reported better-than-expected quarterly earnings and announced a dividend. Institutional investors have increased their stakes in York Water. The company operates water and wastewater systems and has a market cap of $460.77 million.
The York Water Company (NASDAQ:YORW - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.55 and traded as high as $32.08. York Water shares last traded at $31.92, with a volume of 97,032 shares traded.
Analyst Ratings Changes
YORW has been the topic of several recent research reports. Wall Street Zen upgraded York Water from a "sell" rating to a "hold" rating in a report on Sunday, November 9th. Weiss Ratings reissued a "hold (c-)" rating on shares of York Water in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold".
View Our Latest Stock Analysis on York Water
York Water Price Performance
The company has a market capitalization of $460.77 million, a P/E ratio of 23.30 and a beta of 0.74. The stock's fifty day simple moving average is $31.26 and its 200-day simple moving average is $31.55. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.80.
York Water (NASDAQ:YORW - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.05. York Water had a return on equity of 8.50% and a net margin of 25.83%.The business had revenue of $20.36 million for the quarter, compared to analyst estimates of $21.00 million. On average, equities analysts forecast that The York Water Company will post 1.43 earnings per share for the current fiscal year.
York Water Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.2192 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. York Water's payout ratio is 62.59%.
Hedge Funds Weigh In On York Water
A number of institutional investors and hedge funds have recently bought and sold shares of YORW. Versant Capital Management Inc raised its stake in York Water by 290.7% during the 3rd quarter. Versant Capital Management Inc now owns 922 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 686 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of York Water during the 3rd quarter worth about $31,000. Parallel Advisors LLC raised its position in shares of York Water by 589.5% during the third quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider's stock valued at $36,000 after buying an additional 1,008 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of York Water by 700.0% in the second quarter. AlphaQuest LLC now owns 1,232 shares of the utilities provider's stock valued at $39,000 after buying an additional 1,078 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in York Water by 86.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider's stock worth $45,000 after buying an additional 656 shares in the last quarter. Institutional investors own 49.86% of the company's stock.
About York Water
(Get Free Report)The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.
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