United Utilities Group (OTCMKTS:UUGRY) Sees Unusually-High Trading Volume – Here’s What Happened

United Utilities Group PLC (OTCMKTS:UUGRY) shares saw an uptick in trading volume on Wednesday. 46,457 shares traded hands during mid-day trading, an increase of 54% from the previous session’s volume of 30,118 shares. The stock last traded at $39.74 and had previously closed at $39.83.

Analyst Ratings Changes

Separately, BNP Paribas Exane began coverage on shares of United Utilities Group in a research report on Monday, June 29th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, United Utilities Group has an average rating of “Hold”.

United Utilities Group Stock Down 0.7%

The company has a 50 day simple moving average of $37.71 and a 200-day simple moving average of $36.78.

About United Utilities Group

United Utilities Group plc is a United Kingdom-based water and wastewater services company. Through its regulated subsidiary, United Utilities Water Limited, the company provides clean water and wastewater collection, treatment and disposal services across the North West of England.

The company operates and maintains a large regional network of reservoirs, water-treatment works, pumping stations, sewer systems and wastewater-treatment facilities. Its activities also include managing water resources, maintaining and upgrading infrastructure, supporting environmental protection and delivering services to household, commercial and industrial customers.

United Utilities was formed in 1995 through the merger of North West Water and NORWEB.