York Water (NASDAQ:YORW) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

The York Water Company (NASDAQ:YORW)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.01 and traded as high as $33.00. York Water shares last traded at $33.00, with a volume of 111,786 shares changing hands.

Analyst Ratings Changes

YORW has been the subject of several recent research reports. Cantor Fitzgerald set a $31.00 price objective on York Water in a report on Monday. Weiss Ratings raised shares of York Water from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, York Water presently has a consensus rating of “Hold” and an average price target of $31.00.

York Water Stock Up 1.4%

The firm’s 50-day simple moving average is $30.79 and its 200 day simple moving average is $31.01. The company has a market cap of $535.59 million, a P/E ratio of 20.50 and a beta of 0.60. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.60 and a current ratio of 0.72.

York Water (NASDAQ:YORW) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.09. York Water had a return on equity of 9.91% and a net margin of 28.53%.The business had revenue of $23.52 million for the quarter, compared to analyst estimates of $22.18 million.

Institutional Trading of York Water

A number of large investors have recently made changes to their positions in YORW. Clear Harbor Asset Management LLC bought a new position in York Water during the second quarter worth about $402,000. Ieq Capital LLC acquired a new stake in shares of York Water during the second quarter worth about $383,000. Allworth Financial LP acquired a new stake in shares of York Water during the second quarter worth about $29,000. BlackRock Inc. bought a new position in shares of York Water during the 2nd quarter valued at about $39,283,000. Finally, Deutsche Bank AG bought a new position in shares of York Water during the 2nd quarter valued at about $493,000. Institutional investors own 49.86% of the company’s stock.

About York Water

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.