Consolidated Water (NASDAQ:CWCO) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Consolidated Water Co. Ltd. (NASDAQ:CWCO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.69 and traded as high as $30.10. Consolidated Water shares last traded at $29.79, with a volume of 70,673 shares.

Wall Street Analysts Forecast Growth

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

Consolidated Water Trading Down 0.2%

The firm has a fifty day moving average price of $28.82 and a 200 day moving average price of $26.72. The firm has a market capitalization of $473.14 million, a price-to-earnings ratio of 18.35 and a beta of 0.47.

Consolidated Water (NASDAQ:CWCO - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. The company had revenue of $33.72 million during the quarter, compared to analysts' expectations of $32.30 million. Consolidated Water had a return on equity of 7.43% and a net margin of 20.75%. As a group, equities analysts predict that Consolidated Water Co. Ltd. will post 1.27 EPS for the current fiscal year.

Consolidated Water Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 1st will be given a $0.14 dividend. This is a boost from Consolidated Water's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.56 annualized dividend and a yield of 1.88%. Consolidated Water's dividend payout ratio (DPR) is presently 34.57%.

Institutional Investors Weigh In On Consolidated Water

Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP grew its position in shares of Consolidated Water by 1,538.3% during the 4th quarter. Quantbot Technologies LP now owns 3,981 shares of the utilities provider's stock valued at $103,000 after purchasing an additional 3,738 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Consolidated Water during the fourth quarter valued at approximately $259,000. Heartland Advisors Inc. purchased a new stake in Consolidated Water in the fourth quarter worth approximately $2,833,000. Franklin Resources Inc. raised its position in shares of Consolidated Water by 1.6% during the 4th quarter. Franklin Resources Inc. now owns 30,327 shares of the utilities provider's stock valued at $785,000 after purchasing an additional 467 shares during the period. Finally, Diametric Capital LP increased its holdings in Consolidated Water by 11.8% in the 4th quarter. Diametric Capital LP now owns 13,093 shares of the utilities provider's stock valued at $339,000 after acquiring an additional 1,378 shares during the last quarter. Institutional investors own 55.16% of the company's stock.

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.