Middlesex Water (NASDAQ:MSEX) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

Separately, Zacks Investment Research lowered Middlesex Water from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th.

Middlesex Water (MSEX) opened at $34.58 on Friday. Middlesex Water has a 12-month low of $32.23 and a 12-month high of $46.74. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.43. The stock has a market capitalization of $565.24, a price-to-earnings ratio of 27.66 and a beta of 0.45.

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Middlesex Water in the 4th quarter worth $107,000. Teacher Retirement System of Texas acquired a new stake in Middlesex Water during the 4th quarter worth $222,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Middlesex Water during the 4th quarter worth $228,000. Trustcore Financial Services LLC acquired a new stake in Middlesex Water during the 4th quarter worth $232,000. Finally, Private Advisor Group LLC raised its stake in Middlesex Water by 20.7% during the 4th quarter. Private Advisor Group LLC now owns 8,688 shares of the utilities provider’s stock worth $278,000 after buying an additional 1,488 shares during the period. Institutional investors and hedge funds own 49.49% of the company’s stock.

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Middlesex Water Company Profile

Middlesex Water Company is a water utility company. The Company owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. The Company also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware.

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