StockNews.com lowered shares of York Water (NASDAQ:YORW – Free Report) from a hold rating to a sell rating in a research note published on Wednesday.
York Water Stock Performance
Shares of NASDAQ YORW opened at $38.16 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.61 and a current ratio of 0.78. The stock has a 50 day moving average price of $38.48 and a 200 day moving average price of $36.89. The stock has a market capitalization of $547.41 million, a PE ratio of 22.45 and a beta of 0.63. York Water has a 52 week low of $33.32 and a 52 week high of $41.96.
York Water (NASDAQ:YORW – Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.10). The company had revenue of $18.75 million during the quarter, compared to analyst estimates of $19.00 million. York Water had a net margin of 31.27% and a return on equity of 10.32%. Analysts predict that York Water will post 1.43 earnings per share for the current fiscal year.
Institutional Investors Weigh In On York Water
York Water Company Profile
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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