Stock News in Focus: Connecticut Water Service Inc. (NASDAQ:CTWS)

Connecticut Water Service Inc. (NASDAQ:CTWS) spotted trading -0.67% off 52-week high price. On the other end, the stock has been noted 11.51% away from the low price over the last 52-weeks. The stock changed 0.07% to recent value of $70.03. The stock transacted 40096 shares during most recent day however it has an average volume of 34.52K shares. The company has 12.2M of outstanding shares and 11.92M shares were floated in the market.  

 On Aug. 16, 2019, Connecticut Water Service Inc. (NASDAQ:CTWS) released that its board of directors declared a quarterly cash dividend of $0.3275 per common share payable on September 17, 2019, for shareholders of record as of September 3, 2019. This quarterly dividend remains unchanged from the previous quarter and represents an annualized dividend of $1.31 per share.

About Connecticut Water Service Inc.

Connecticut Water Service Inc. is a publicly traded holding company headquartered in Clinton, Connecticut. Connecticut Water Service Inc. is the parent company of The Connecticut Water Company, The Maine Water Company, The Avon Water Company and The Heritage Village Water Company. Together, these subsidiaries provide water service to more than 425,000 people in Connecticut and Maine, and wastewater service to more than 10,000 people in Connecticut.

This news release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the company’s results of operations, financial position and long-term strategy. These forward-looking statements are based on current information and expectations and are subject to risks and uncertainties discussed in our filings with the Securities and Exchange Commission, which could cause the company’s actual results to differ materially from expected results. We undertake no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.

 Its earnings per share (EPS) expected to touch remained -41.20% for this year while earning per share for the next 5-years is expected to reach at 6.00%.

 According to the most recent quarter its current ratio was 0.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.28% from the mean of 20 days, 0.75% from mean of 50 days SMA and performed 2.03% from mean of 200 days price. Company’s performance for the week was 0.33%, 0.04% for month and YTD performance remained 4.73%.

Leave a Reply

Your email address will not be published. Required fields are marked *