Middlesex Water Co. (MSEX) Sees Strong Trading Volume
Shares of Middlesex Water Co. (NASDAQ:MSEX) saw unusually-strong trading volume on Wednesday . Approximately 129,675 shares were traded during 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 $40.39 and its 200 day moving average is $35.48. The firm has a market cap of $580.06 million and a P/E ratio of 26.59.
Middlesex Water (NASDAQ:MSEX) last announced its earnings results on Tuesday, August 2nd. The company reported $0.36 earnings per share for the quarter. The business had revenue of $32.70 million for the quarter, compared to analysts’ expectations of $31.60 million. On average, analysts forecast that Middlesex Water Co. will post $1.30 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 12th will be paid a dividend of $0.1988 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.80 annualized dividend and a yield of 2.19%.
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.