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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Middlesex Water Gets IBD Stock Rating Upgrade

The IBD SmartSelect Composite Rating for Middlesex Water increased from 94 to 97 Tuesday.

The new score tells you the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.

Middlesex Water is currently forming a cup without handle, with a 70.73 entry. See if the stock can break out in volume at least 40% higher than normal.

Discover The 3 Keys To Successful Stock Investing

The stock has an 89 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 89% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

The company reported a 53% rise in earnings for Q4. It has now posted accelerating EPS growth for two consecutive quarters. Sales growth increased 22%, up from 18% in the prior report. The company has now posted accelerating growth in each of the last five quarters.

Middlesex Water holds the No. 3 rank among its peers in the Utility-Water Supply industry group. SABESP ADR is the No. 1-ranked stock within the group.

This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.

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