In the current market session,
American States Water Inc. (NYSE:AWR) is trading at $78.50, after a 2.13% increase. However, over the past month, the stock fell by 2.42%, and in the past year, by 10.09%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.
The stock is currently higher from its 52 week low by 20.57%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Water Utilities stocks, and capitalize on the lower share price observed over the year.