Trade-Ideas LLC identified

California Water Service Group

(

CWT

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

  • CWT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $13.0 million.
  • CWT has traded 14,488 shares today.
  • CWT is trading at a new lifetime high.

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More details on CWT:

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. The stock currently has a dividend yield of 2.1%. CWT has a PE ratio of 34. Currently there are no analysts that rate California Water Service Group a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for California Water Service Group has been 263,600 shares per day over the past 30 days. California Water Service Group has a market cap of $1.6 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.68 and a short float of 4.8% with 5.70 days to cover. Shares are up 43.8% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates California Water Service Group as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • Compared to its closing price of one year ago, CWT's share price has jumped by 39.29%, exceeding the performance of the broader market during that same time frame. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • The debt-to-equity ratio is somewhat low, currently at 0.95, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.84 is somewhat weak and could be cause for future problems.
  • Net operating cash flow has increased to $31.03 million or 15.38% when compared to the same quarter last year. Despite an increase in cash flow, CALIFORNIA WATER SERVICE GP's average is still marginally south of the industry average growth rate of 15.45%.
  • CWT, with its decline in revenue, slightly underperformed the industry average of 8.4%. Since the same quarter one year prior, revenues slightly dropped by 0.2%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • CALIFORNIA WATER SERVICE GP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past year. However, we anticipate this trend reversing over the coming year. During the past fiscal year, CALIFORNIA WATER SERVICE GP reported lower earnings of $0.94 versus $1.19 in the prior year. This year, the market expects an improvement in earnings ($1.02 versus $0.94).

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