News stories about Middlesex Water (NASDAQ:MSEX) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Middlesex Water earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 45.494364324426 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of NASDAQ:MSEX traded up $0.30 during trading on Tuesday, reaching $40.23. The company’s stock had a trading volume of 9,271 shares, compared to its average volume of 67,008. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.61. Middlesex Water has a 12 month low of $32.23 and a 12 month high of $46.74. The company has a market cap of $638.12, a price-to-earnings ratio of 29.11 and a beta of 0.43.
Middlesex Water (NASDAQ:MSEX) last announced its quarterly earnings results on Friday, March 9th. The utilities provider reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.01). Middlesex Water had a net margin of 17.44% and a return on equity of 10.16%. The business had revenue of $31.46 million during the quarter, compared to the consensus estimate of $34.00 million. equities analysts forecast that Middlesex Water will post 1.55 EPS for the current year.
In related news, Director Walter G. Reinhard sold 1,000 shares of the stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $36.97, for a total value of $36,970.00. Following the completion of the transaction, the director now owns 81 shares of the company’s stock, valued at approximately $2,994.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.48% of the stock is currently owned by company insiders.
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About Middlesex Water
Middlesex Water Company, together with its subsidiaries, owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment engages in collecting, treating, and distributing water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers in parts of New Jersey, Delaware, and Pennsylvania.
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