Middlesex Water Co: An Overview of Financial Performance and Future Predictions
Middlesex Water Co (MSEX:NASDAQ), a prominent water utility headquartered in New Jersey, has showcased its financial stamina in the competitive market. With its inception dating back to 1897, the company has not only sustained but thrived by posting an annual net income of $33.8 million and a revenue of $135.5 million for the fiscal year 2019. Operating with a dedicated team of 355 employees, Middlesex Water Co prides itself on a notable market capitalization of $947.22 million, a PE ratio of 30.14, and an attractive dividend yield of 2.45%.
Stock Price Dynamics: A Technical Perspective
Analyzing the stock price information, Middlesex Water Co's shares are currently trading at $53.15, marking a change of $0.75 (1.43%) from the previous close. The trading session witnessed fluctuations, with the stock hitting a high of $53.27 and a low of $52.33 based on a volume of 13,317. These movements reflect the stock's resilience and investors' sustained interest amid market volatility. It's essential to consider these metrics for grasping the stock's potential future direction.
Support authors and subscribe to content
This is premium content. Subscribe to read the entire article.
