Consolidated Water (NASDAQ:CWCO) Shares Cross Above 200-Day Moving Average – Time to Sell?

Consolidated Water Co. Ltd. (NASDAQ:CWCO) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.26 and traded as high as $31.30. Consolidated Water shares last traded at $31.25, with a volume of 63,067 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Consolidated Water from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

Consolidated Water Stock Performance

The company has a market capitalization of $497.42 million, a PE ratio of 19.29 and a beta of 0.47. The stock’s 50 day moving average is $26.93 and its 200 day moving average is $26.26.

Consolidated Water (NASDAQ:CWCO) last posted its earnings results on Monday, May 12th. The utilities provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Consolidated Water had a net margin of 20.75% and a return on equity of 7.43%. The business had revenue of $33.72 million for the quarter, compared to analyst estimates of $32.30 million. On average, equities research analysts forecast that Consolidated Water Co. Ltd. will post 1.27 EPS for the current fiscal year.

Consolidated Water Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 1st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This is a boost from Consolidated Water’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 1.79%. Consolidated Water’s dividend payout ratio is currently 34.57%.

Institutional Trading of Consolidated Water

Several institutional investors and hedge funds have recently bought and sold shares of CWCO. Quantbot Technologies LP lifted its stake in Consolidated Water by 1,538.3% in the 4th quarter. Quantbot Technologies LP now owns 3,981 shares of the utilities provider’s stock worth $103,000 after purchasing an additional 3,738 shares in the last quarter. American Century Companies Inc. purchased a new stake in Consolidated Water in the 4th quarter worth approximately $259,000. Heartland Advisors Inc. purchased a new stake in Consolidated Water in the 4th quarter worth approximately $2,833,000. Franklin Resources Inc. lifted its stake in Consolidated Water by 1.6% in the 4th quarter. Franklin Resources Inc. now owns 30,327 shares of the utilities provider’s stock worth $785,000 after purchasing an additional 467 shares in the last quarter. Finally, Diametric Capital LP increased its holdings in shares of Consolidated Water by 11.8% in the 4th quarter. Diametric Capital LP now owns 13,093 shares of the utilities provider’s stock worth $339,000 after buying an additional 1,378 shares during the last quarter. 55.16% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Water Company Profile

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.