Somewhat Favorable News Coverage Somewhat Unlikely to Impact Middlesex Water (MSEX) Share Price
Media headlines about Middlesex Water (NASDAQ:MSEX) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Middlesex Water earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 45.4833287338789 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Middlesex Water (MSEX) opened at $38.30 on Friday. Middlesex Water has a fifty-two week low of $32.23 and a fifty-two week 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 company has a market cap of $633.41, a PE ratio of 30.64 and a beta of 0.45.
Middlesex Water (NASDAQ:MSEX) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.09). Middlesex Water had a net margin of 15.77% and a return on equity of 9.32%. The business had revenue of $36.17 million during the quarter, compared to analyst estimates of $39.00 million. analysts anticipate that Middlesex Water will post 1.4 earnings per share for the current fiscal year.
In other Middlesex Water news, VP Bernadette M. Sohler sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $45.19, for a total transaction of $45,190.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP A Bruce Oconnor sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $43.83, for a total transaction of $175,320.00. Following the transaction, the vice president now directly owns 16,803 shares of the company’s stock, valued at $736,475.49. The disclosure for this sale can be found here. Insiders own 3.48% of the company’s stock.
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About Middlesex Water
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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