Insider Buying: The York Water Company CEO Acquires 284 Shares of Stock (YORW)
The York Water Company (NASDAQ:YORW) CEO Jeffrey R. Hines acquired 284 shares of The York Water Company stock on the open market in a transaction that occurred on Wednesday, July 16th. The stock was purchased at an average cost of $19.76 per share, with a total value of $5,611.84. Following the purchase, the chief executive officer now directly owns 43,506 shares in the company, valued at approximately $859,679. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Zacks upgraded shares of The York Water Company from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 14th. They now have a $20.20 price target on the stock.
Shares of The York Water Company (NASDAQ:YORW) traded up 0.23% during mid-day trading on Thursday, hitting $19.736. The stock had a trading volume of 5,965 shares. The York Water Company has a 52 week low of $19.00 and a 52 week high of $22.00. The stock’s 50-day moving average is $20.44 and its 200-day moving average is $20.31. The company has a market cap of $255.5 million and a price-to-earnings ratio of 26.47.
The York Water Company (NASDAQ:YORW) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.02. The company had revenue of $10.57 million for the quarter, compared to the consensus estimate of $10.70 million. On average, analysts predict that The York Water Company will post $0.87 earnings per share for the current fiscal year.
The York Water Company is engaged in the business of impounding, purifying to meet or exceed safe drinking water standards and distribute water.
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