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 4.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.1%, 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 2.16% in the last 1 week, and is up 5.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.04% and the 50-Day Moving Average is 7.67%. MUELLER WATER PRODUCTS (NYSE:MWA): On Fridays trading session , Opening price of the stock was $12.39 with an intraday high of $12.51. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.24. However, the stock managed to close at $12.32, a loss of 0.81% for the day. On the previous day, the stock had closed at $12.42. The total traded volume of the day was 1,213,263 shares.
The company Insiders own 4.6% of MUELLER WATER PRODUCTS shares according to the proxy statements. Institutional Investors own 85.54% of MUELLER WATER PRODUCTS shares.
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.