StockNews.com downgraded shares of York Water (NASDAQ:YORW – Free Report) from a hold rating to a sell rating in a research report sent to investors on Monday morning.
York Water Stock Up 0.9 %
Shares of YORW stock opened at $38.67 on Monday. The stock has a market cap of $554.72 million, a PE ratio of 22.75 and a beta of 0.63. York Water has a 1 year low of $33.32 and a 1 year high of $42.32. 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 business’s fifty day moving average is $38.25 and its 200-day moving average is $36.80.
York Water (NASDAQ:YORW – Get Free Report) last issued its earnings results on Friday, August 2nd. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.10). The company had revenue of $18.75 million for 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%. Equities analysts expect that York Water will post 1.43 earnings per share for the current fiscal year.
Institutional Trading of York Water
About York Water
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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