United Utilities Group (OTCMKTS:UUGRY) Stock Price Passes Below 50-Day Moving Average – What’s Next?

United Utilities Group PLC (OTCMKTS:UUGRY) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $36.29 and traded as low as $34.19. United Utilities Group shares last traded at $34.20, with a volume of 24,716 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of United Utilities Group in a research note on Monday, June 8th. Royal Bank Of Canada reissued a “sector perform” rating on shares of United Utilities Group in a research report on Tuesday, May 5th. Kepler Capital Markets cut United Utilities Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, Citigroup cut United Utilities Group from a “buy” rating to a “neutral” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

United Utilities Group Trading Down 1.5%

The company has a quick ratio of 2.21, a current ratio of 2.22 and a debt-to-equity ratio of 5.50. The company has a 50-day simple moving average of $36.29 and a two-hundred day simple moving average of $34.85.

About United Utilities Group

United Utilities Group (OTCMKTS:UUGRY) is a leading regulated water and wastewater services provider in the United Kingdom, serving more than seven million residents and businesses across North West England. Headquartered in Warrington, the company manages an integrated network of treatment works, reservoirs, pumping stations and more than 26,000 kilometres of water mains. Through its regulated arm, it supplies potable water and collects, transports and treats wastewater, ensuring compliance with environmental and public health standards set by Ofwat and the Environment Agency.

In addition to its core water and wastewater operations, United Utilities has expanded into related services including flood risk management, environmental consultancy and renewable energy generation.