Mueller Water Products Inc (NYSE:MWA) shares, rose in value, with the stock price up by 3.76% to the previous day’s close as strong demand from buyers drove the stock to $24.53.
Actively observing the price movement in the recent trading, the stock is buoying the session at $23.64. The PE ratio was 26.80 over 12-month period. Referring to stock’s 52-week performance, its high was $28.58, and the low was $17.09. On the whole, MWA has fluctuated by 7.49% over the past month.
With the market capitalization of Mueller Water Products Inc currently standing at about $3.84 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.26, with its dividend yield at 1.07%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MWA’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 2.06, with the price of MWA currently trading nearly -3.58% and -4.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.12, while the 7-day volatility ratio is showing 5.37% which for the 30-day chart, stands at 4.12%. Furthermore, Mueller Water Products Inc (MWA)’s beta value is 1.26, and its average true range (ATR) is 1.11.
A comparison of Mueller Water Products Inc (MWA) with its peers suggests the former has fared considerably weaker in the market. MWA showed an intraday change of 3.76% in today’s session so far, and over the past year, it grew by 48.22%%.
Data on historical trading for Mueller Water Products Inc (NYSE:MWA) indicates that the trading volumes over the past 3 months, they’ve averaged 2.45 million. According to company’s latest data on outstanding shares, there are 156.66 million shares outstanding.
Nearly 2.20% of Mueller Water Products Inc’s shares belong to company insiders and institutional investors own 103.83% of the company’s shares. The stock has risen by 9.02% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MWA stock heading into the next quarter.
