Today, the VP HR of Middlesex Water Company (NASDAQ: MSEX), Lorrie Beth Ginegaw, sold shares of MSEX for $33.78K.
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Based on Middlesex Water Company’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $34.92 million and quarterly net profit of $8.68 million. In comparison, last year the company earned revenue of $33.01 million and had a net profit of $5.38 million. MSEX’s market cap is $748M and the company has a P/E ratio of 29.06. Currently, Middlesex Water Company has an average volume of 57.58K.
The insider sentiment on Middlesex Water Company has been negative according to 34 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Middlesex Water Co. owns and operates regulated water utility and wastewater systems. It operates through two segments: Regulated and Non-Regulated. The Regulated segment serves residential, commercial, industrial and municipal customers. The Non-Regulated segment engages in business activities with developers, government entities and other customers.
