Consolidated Water (NASDAQ:CWCO) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Consolidated Water Co. Ltd. (NASDAQ:CWCO)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.78 and traded as high as $36.25. Consolidated Water shares last traded at $35.79, with a volume of 52,334 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wall Street Zen upgraded Consolidated Water from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Weiss Ratings upgraded shares of Consolidated Water from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $40.00.

Consolidated Water Trading Down 0.8%

The business has a fifty day moving average of $35.01 and a 200-day moving average of $32.78. The firm has a market cap of $570.13 million, a PE ratio of 36.90 and a beta of 0.50.

Consolidated Water (NASDAQ:CWCO) last posted its earnings results on Monday, November 10th. The utilities provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. Consolidated Water had a return on equity of 7.95% and a net margin of 12.90%.The business had revenue of $35.12 million during the quarter, compared to analyst estimates of $32.90 million. On average, equities analysts forecast that Consolidated Water Co. Ltd. will post 1.27 EPS for the current year.

Consolidated Water Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 2nd will be paid a $0.14 dividend. The ex-dividend date is Friday, January 2nd. This represents a $0.56 annualized dividend and a yield of 1.6%. Consolidated Water’s dividend payout ratio is currently 57.73%.

Insiders Place Their Bets

In other news, CEO Frederick W. Mctaggart sold 1,848 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $35.76, for a total transaction of $66,084.48. Following the completion of the transaction, the chief executive officer directly owned 287,310 shares in the company, valued at $10,274,205.60. The trade was a 0.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Wilmer F. Pergande sold 4,299 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $33.75, for a total transaction of $145,091.25. Following the completion of the transaction, the director directly owned 31,884 shares in the company, valued at approximately $1,076,085. The trade was a 11.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,200 shares of company stock valued at $246,978 over the last 90 days. Company insiders own 6.25% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Oliver Lagore Vanvalin Investment Group purchased a new stake in Consolidated Water in the second quarter valued at approximately $30,000. Quarry LP bought a new position in shares of Consolidated Water in the 3rd quarter worth $40,000. Tower Research Capital LLC TRC raised its position in shares of Consolidated Water by 335.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,512 shares of the utilities provider’s stock valued at $45,000 after buying an additional 1,165 shares in the last quarter. CWM LLC raised its position in shares of Consolidated Water by 67.5% during the 3rd quarter. CWM LLC now owns 2,045 shares of the utilities provider’s stock valued at $72,000 after buying an additional 824 shares in the last quarter. Finally, Byrne Asset Management LLC lifted its holdings in shares of Consolidated Water by 35.9% during the 2nd quarter. Byrne Asset Management LLC now owns 2,254 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 595 shares during the last quarter. Hedge funds and other institutional investors own 55.16% of the company’s stock.

About Consolidated Water

Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.

Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.