California Water Service Group Rises On Unusually High Volume (CWT)

NEW YORK ( TheStreet) -- California Water Service Group (NYSE: CWT) is trading at unusually high volume Wednesday with 1.7 million shares changing hands. It is currently at eight times its average daily volume and trading up 65 cents (+3.5%) at $19.21 as of 4 p.m. ET.

California Water Service Group has a market cap of $757.7 million and is part of the utilities sector and utilities industry. Shares are up 1.6% year to date as of the close of trading on Tuesday.

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. The company has a P/E ratio of 19.3, above the average utilities industry P/E ratio of 18.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates California Water Service Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in net income, growth in earnings per share and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full California Water Service Group Ratings Report.

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