Middlesex Water Company (MSEX) Moves Higher on Volume Spike for April 26

Equities Staff  |

Middlesex Water Company (MSEX) traded on unusually high volume on Apr. 26, as the stock gained 3.02% to close at $41.66. On the day, Middlesex Water Company saw 114,809 shares trade hands on 1,125 trades. Considering that the stock averages only a daily volume of 63,378 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $46.74 and $32.23 over the last 52-weeks, its 50-day SMA is now $37.36, and its 200-day SMA $39.32. Middlesex Water Company has a P/B ratio of 2.97. It also has a P/E ratio of 29.3.

Middlesex Water Co is a water utility based in the U.S. state of New Jersey. It is engaged the business of collecting, treating, distributing and selling water for domestic, commercial, municipal, industrial and fire protection purposes.

Headquartered in Iselin, NJ, Middlesex Water Company has 315 employees and is currently under the leadership of CEO Dennis W. Doll.

For a complete fundamental analysis analysis of Middlesex Water Company, check out Equities.com’s Stock Valuation Analysis report for MSEX.

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To get more information on Middlesex Water Company and to follow the company’s latest updates, you can visit the company’s profile page here: MSEX’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

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

Stock price data is provided by IEX Cloud on a 15-minute delayed basis. Chart price data is provided by TradingView on a 15-minute delayed basis.

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