MUELLER WATER PRODUCTS (MWA) : Traders are bullish on MUELLER WATER PRODUCTS (MWA) as it has outperformed the S&P 500 by a wide margin of 1.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.25%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.69% in the last 1 week, and is up 4.24% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
MUELLER WATER PRODUCTS (NYSE:MWA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.99 and $11.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.06, notching a gain of 1.60% for the day. The total traded volume was 2,613,821 . The stock had closed at $11.87 on the previous day.
The stock has recorded a 20-day Moving Average of 4% and the 50-Day Moving Average is 6.58%. Mueller Water Products, Inc. is up 16.27% in the last 3-month period. Year-to-Date the stock performance stands at 41.35%.
MUELLER WATER PRODUCTS (MWA) : The most positive equity analysts on MUELLER WATER PRODUCTS (MWA) expects the shares to touch $14, whereas, the least positive believes that the stock will trade at $10 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $12.19 with an expected fluctuation of $1.25 from the mean.
Mueller Water Products, Inc., is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water. The Companys product portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment, which are used by municipalities, and residential and non-residential construction industries. The Company operates through two segments: Mueller Co. and Anvil. The Company helps municipalities increase operational efficiencies, improve customer service and prioritize capital spending. Mueller Co. manufactures valves for water and gas systems, including iron gate, butterfly, tapping, check, plug and ball valves, dry-barrel and wet-barrel fire hydrants, and metering systems. The Company also manufactures fittings and couplings, including cast iron fittings, malleable iron fittings and unions, grooved fittings, threaded steel pipe coupling and nipples.