Middlesex Water Co. (MSEX) Sees Unusually-High Trading Volume
Shares of Middlesex Water Co. (NASDAQ:MSEX) saw unusually-strong trading volume on Wednesday . Approximately 129,675 shares changed hands during mid-day trading, an increase of 64% from the previous session’s volume of 78,940 shares.The stock last traded at $35.69 and had previously closed at $35.35.
The stock’s 50-day moving average is $40.56 and its 200-day moving average is $35.47. The stock has a market cap of $581.03 million and a price-to-earnings ratio of 26.63.
Middlesex Water (NASDAQ:MSEX) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.36 earnings per share (EPS) for the quarter. The firm earned $32.70 million during the quarter, compared to the consensus estimate of $31.60 million. On average, equities analysts forecast that Middlesex Water Co. will post $1.30 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 12th will be paid a $0.1988 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.80 annualized dividend and a yield of 2.23%.
Middlesex Water Company is a water utility company. The Company has two segments: regulated and non-regulated. The regulated business includes 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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