Trade-Ideas LLC identified

American States Water

(

AWR

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified American States Water as such a stock due to the following factors:

  • AWR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $8.6 million.
  • AWR has traded 7,952 shares today.
  • AWR is trading at a new lifetime high.

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More details on AWR:

American States Water Company, together with its subsidiaries, provides water and electric services to residential, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The stock currently has a dividend yield of 2.2%. AWR has a PE ratio of 25. Currently there are no analysts that rate American States Water a buy, 2 analysts rate it a sell, and 4 rate it a hold.

The average volume for American States Water has been 173,300 shares per day over the past 30 days. American States Water has a market cap of $1.5 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.81 and a short float of 2% with 4.05 days to cover. Shares are up 4.5% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates American States Water as a

buy

. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:

  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Water Utilities industry and the overall market, AMERICAN STATES WATER CO's return on equity exceeds that of both the industry average and the S&P 500.
  • The gross profit margin for AMERICAN STATES WATER CO is rather high; currently it is at 53.37%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 15.85% trails the industry average.
  • The debt-to-equity ratio is somewhat low, currently at 0.73, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Despite the fact that AWR's debt-to-equity ratio is low, the quick ratio, which is currently 0.68, displays a potential problem in covering short-term cash needs.
  • AMERICAN STATES WATER CO's earnings per share improvement from the most recent quarter was slightly positive. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, AMERICAN STATES WATER CO reported lower earnings of $1.56 versus $1.60 in the prior year. This year, the market expects an improvement in earnings ($1.60 versus $1.56).
  • AWR, with its decline in revenue, slightly underperformed the industry average of 5.7%. Since the same quarter one year prior, revenues slightly dropped by 3.9%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.

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