Zurn Elkay Water Solutions Corporation (NYSE:ZWS) remained unchanged to close Tuesday at $21.35 after subtracting $0.0 on the day. The 5-day average trading volume is 3,311,200 shares of the company’s common stock. It has gained $22.25 in the past week and touched a new high 1 time within the past 5 days. An average of 1,441,910 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,280,362.
ZWS’s 1-month performance is -0.33% or -$0.08 on its low of $20.10 reached on 01/20/23. The company’s shares have touched a 52-week low of $20.10 and high of $36.82, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, ZWS has achieved 0.95% or $0.20 and has reached a new high 7 times. However, the current price is down -42.02% from the 52-week high price.
ZWS stock investors last saw insider trading activity on May 13.Jackson Rodney (SVP-Bus.&Corp. Development) most recently sold 1,838 shares at $27.39 per share on May 13. This transaction cost the insider $50,343. SVP & Chief Financial Officer, PETERSON MARK W, sold 5,042 shares at a price of $27.39 on May 13. Then, on May 13, Group Ex., President-Zurn Wehr Craig sold 1,309 shares at a price of $27.39 per share. This transaction amounted to $35,854.
ZWS stock has a beta of 1.30. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.18 while the price-to-book (PB) in the most recent quarter is 2.31.
Zurn Elkay Water Solutions Corporation’s quick ratio for the period ended September 29 was 1.20, with the current ratio over the same period at 2.40. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.33, while the total debt to equity was 0.33.. In terms of profitability, the gross margin trailing 12 months is 37.60%. The firm’s gross profit as reported stood at $373.2 million against revenue of $910.9 million.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 435.6% to -$19.1 million, while revenue of $36.4 million was 290.58% off the previous quarter. Analysts expected ZWS to announce $0.24 per share in earnings in its latest quarter, but it posted $0.26, representing a 8.30% surprise. EBITDA for the quarter stood at more than $11.5 million. ZWS stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 1.31 billion, with total debt at $596.5 million. Shareholders hold equity totaling $177.79 million.
Let’s look briefly at Zurn Elkay Water Solutions Corporation (ZWS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 44.24% to suggest the stock is trending Neutral, with historical volatility in this time period at 37.01%.
The stock’s 5-day moving average is $21.07, reflecting a -3.39% or -$0.75 change from its current price. ZWS is currently trading +0.19% above its 20-day SMA, -23.75% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.87% and SMA200 by-38.98%.
Stochastic %K and %D was 34.97% and 24.32% and the average true range (ATR) pointed at 0.68. The RSI (14) points at 43.92%, while the 14-day stochastic is at 40.85% with the period’s ATR at 0.71. The stock’s 9-day MACD Oscillator is pointing at -0.56 and -0.65 on the 14-day charts.
In the most recent analyst report for Zurn Elkay Water Solutions Corporation (NYSE: ZWS), Robert W. Baird downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for ZWS stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ZWS as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.