Consolidated Water (NASDAQ:CWCO) Share Price Passes Above 200 Day Moving Average – Time to Sell?

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 $33.49 and traded as high as $37.28. Consolidated Water shares last traded at $37.03, with a volume of 68,491 shares traded.

Wall Street Analysts Forecast Growth

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

Consolidated Water Stock Up 1.2%

The company has a 50 day simple moving average of $35.13 and a two-hundred day simple moving average of $33.49. The company has a market capitalization of $589.92 million, a P/E ratio of 38.18 and a beta of 0.48.

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

Consolidated Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, January 2nd. Consolidated Water’s payout ratio is presently 57.73%.

Insiders Place Their Bets

In other news, CEO Frederick W. Mctaggart sold 1,848 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $35.76, for a total value of $66,084.48. Following the sale, the chief executive officer owned 287,310 shares of the company’s stock, valued at approximately $10,274,205.60. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Wilmer F. Pergande sold 4,299 shares of the firm’s stock in a transaction dated 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 sale, the director owned 31,884 shares of the company’s stock, valued at $1,076,085. This trade represents a 11.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,200 shares of company stock worth $246,978 in the last quarter. Company insiders own 6.25% of the company’s stock.

Institutional Trading of Consolidated Water

Several institutional investors have recently added to or reduced their stakes in CWCO. Journey Strategic Wealth LLC grew its stake in shares of Consolidated Water by 3.1% during the third quarter. Journey Strategic Wealth LLC now owns 9,515 shares of the utilities provider’s stock valued at $336,000 after buying an additional 289 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Consolidated Water by 0.3% during the 2nd quarter. New York State Common Retirement Fund now owns 142,263 shares of the utilities provider’s stock valued at $4,271,000 after acquiring an additional 380 shares during the period. Copeland Capital Management LLC grew its position in Consolidated Water by 16.3% in the 2nd quarter. Copeland Capital Management LLC now owns 3,232 shares of the utilities provider’s stock valued at $97,000 after acquiring an additional 454 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Consolidated Water by 3.5% in the third quarter. Mercer Global Advisors Inc. ADV now owns 17,121 shares of the utilities provider’s stock worth $604,000 after purchasing an additional 571 shares during the period. Finally, Byrne Asset Management LLC lifted its position in shares of Consolidated Water by 35.9% during the second quarter. Byrne Asset Management LLC now owns 2,254 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 595 shares during the last quarter. Institutional investors own 55.16% of the company’s stock.

Consolidated Water Company Profile

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.