Consolidated Water (NASDAQ:CWCO) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• Technical move: Consolidated Water's share price crossed above its 200‑day moving average (200‑day = $35.31), trading as high as $35.91 and last at $35.31 on volume of 61,158.
• Mixed analyst views: Two analysts rate the stock Buy and one Sell, leaving a MarketBeat consensus rating of Hold with a consensus target price of $40.00.
• Fundamentals and insider activity: The company missed quarterly expectations (EPS $0.18 vs. $0.28; revenues $29.65M vs. $35.50M), pays a $0.14 quarterly dividend (1.6% yield), and a director recently bought 3,310 shares at $30.24.

Consolidated Water Co. Ltd. (NASDAQ:CWCO - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $35.31 and traded as high as $35.91. Consolidated Water shares last traded at $35.31, with a volume of 61,158 shares.

Analyst Ratings Changes

CWCO has been the subject of a number of analyst reports. Zacks Research lowered shares of Consolidated Water from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 31st. Weiss Ratings upgraded shares of Consolidated Water from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, April 1st. Finally, Wall Street Zen lowered shares of Consolidated Water from a "strong-buy" rating to a "hold" rating in a report on Saturday, March 21st. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.00.

Consolidated Water Stock Down 1.1%

The stock's fifty day moving average price is $35.30 and its two-hundred day moving average price is $35.31. The company has a market capitalization of $563.55 million, a PE ratio of 36.40 and a beta of 0.56.

Consolidated Water (NASDAQ:CWCO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 17th. The utilities provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.10). Consolidated Water had a return on equity of 8.39% and a net margin of 13.88%.The company had revenue of $29.65 million during the quarter, compared to analysts' expectations of $35.50 million. On average, equities research analysts forecast that Consolidated Water Co. Ltd. will post 1.27 EPS for the current year.

Consolidated Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 1st will be issued a $0.14 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $0.56 annualized dividend and a yield of 1.6%. Consolidated Water's dividend payout ratio (DPR) is 57.73%.

Insider Buying and Selling

In related news, Director Maria Elena Giner acquired 3,310 shares of the stock in a transaction on Thursday, March 19th. The stock was acquired at an average cost of $30.24 per share, for a total transaction of $100,094.40. Following the completion of the acquisition, the director directly owned 3,310 shares of the company's stock, valued at approximately $100,094.40. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.25% of the stock is owned by company insiders.

Institutional Trading of Consolidated Water

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Group LLC purchased a new stake in Consolidated Water in the third quarter worth about $1,148,000. Inspire Investing LLC purchased a new stake in Consolidated Water in the third quarter worth about $1,089,000. ArrowMark Colorado Holdings LLC lifted its holdings in Consolidated Water by 23.1% in the third quarter. ArrowMark Colorado Holdings LLC now owns 262,000 shares of the utilities provider's stock worth $9,243,000 after buying an additional 49,163 shares during the period. Teton Advisors LLC bought a new position in shares of Consolidated Water during the third quarter valued at approximately $1,147,000. Finally, Ellsworth Advisors LLC bought a new position in shares of Consolidated Water during the third quarter valued at approximately $834,000. 55.16% of the stock is currently owned by hedge funds and other institutional investors.

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.

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