Middlesex Water Co. (MSEX) Jumps 5.31% on January 29

Equities Staff  |

Middlesex Water Co. (MSEX) was among the biggest gainers on the Russell 2000 for Friday January 29 as the stock popped 5.31% to $28.94, representing a gain of $1.46 per share. Some 43,893 shares traded hands on 336 trades, compared with an average daily volume of 38,644 shares out of a total float of 16.21 million. The stock opened at $27.64 and traded with an intraday range of $29.01 to $27.55.

After today's gains, Middlesex Water Co. reached a market cap of $469.16 million. Middlesex Water Co. has had a trading range between $28.02 and $21.24 over the last year, and it had a 50-day SMA of $25.92 and a 200-day SMA of $23.68.

The stock has a P/E Ratio of 22.8.

Middlesex Water Co 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.

Middlesex Water Co. is based out of Iselin, NJ and has some 282 employees. Its CEO is Dennis W. Doll.

For a complete fundamental analysis analysis of Middlesex Water Co., check out Equities.com’s Stock Valuation Analysis report for MSEX. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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