What’s in Global Water Resources Inc (GWRS) After Making 52-Week High?

June 19, 2017 - By Henry Gaston

The stock of Global Water Resources Inc (NASDAQ:GWRS) hit a new 52-week high and has $10.25 target or 4.00 % above today’s $9.86 share price. The 6 months bullish chart indicates low risk for the $194.16M company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $10.25 price target is reached, the company will be worth $7.77 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 2,738 shares traded. Global Water Resources Inc (NASDAQ:GWRS) has 0.00% since June 19, 2016 and is . It has underperformed by 16.70% the S&P500.

More notable recent Global Water Resources Inc (NASDAQ:GWRS) news were published by: Prnewswire.com which released: “Global Water Resources, Inc. completes merger with GWR Global Water Resources …” on May 03, 2016, also Marketwatch.com with their article: “9.84” published on January 25, 2016, Globenewswire.com published: “Global Water Resources Sets Fourth Quarter and Full Year 2016 Conference Call …” on February 24, 2017. More interesting news about Global Water Resources Inc (NASDAQ:GWRS) were released by: Seekingalpha.com and their article: “Global Water Resources: The Newest Water Utility Stock” published on October 12, 2016 as well as Seekingalpha.com‘s news article titled: “Global Water Resources’ (GWRS) CEO Ron Fleming on Q1 2017 Results – Earnings …” with publication date: May 10, 2017.

Global Water Resources, Inc. is a water resource management company. The company has market cap of $194.16 million. The Firm owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. It currently has negative earnings. The Firm focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.

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