Consolidated Water Co. Stock Price Up 4% on Earnings Beat (CWCO)
Consolidated Water Co. (NASDAQ:CWCO) shares rose 4% during trading on Tuesday following a better than expected earnings announcement, Analyst Ratings News reports. The company traded as high as $11.21 and last traded at $11.16, with a volume of 59,651 shares trading hands. The stock had previously closed at $10.73.
The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.12.
CWCO has been the subject of a number of recent research reports. Analysts at Brean Capital upgraded shares of Consolidated Water Co. from a “hold” rating to a “buy” rating in a research note on Monday, June 2nd. They now have a $13.00 price target on the stock. Analysts at TheStreet downgraded shares of Consolidated Water Co. from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $13.33.
The stock’s 50-day moving average is $10.8 and its 200-day moving average is $11.76. The company has a market cap of $168.1 million and a price-to-earnings ratio of 29.72.
Consolidated Water Co Ltd. develops and operates seawater desalination plants and water distribution systems.
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