Insider Buying: The York Water Company COO Purchases 132 Shares of Stock (YORW)
The York Water Company (NASDAQ:YORW) COO Joseph Thomas Hand purchased 132 shares of The York Water Company stock on the open market in a transaction that occurred on Wednesday, July 16th. The shares were purchased at an average price of $19.76 per share, for a total transaction of $2,608.32. Following the transaction, the chief operating officer now directly owns 8,523 shares of the company’s stock, valued at approximately $168,414. The purchase was disclosed in a document filed with the SEC, 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.
The York Water Company (NASDAQ:YORW) traded up 0.23% 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 P/E ratio of 26.47.
The York Water Company (NASDAQ:YORW) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters 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. Analysts expect that The York Water Company will post $0.87 EPS 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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