Consolidated Water (NASDAQ:CWCO) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Consolidated Water Co. Ltd. (NASDAQ:CWCO - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

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

Consolidated Water Price Performance

The firm's 50 day simple moving average is $28.88 and its two-hundred day simple moving average is $26.76. The firm has a market capitalization of $472.10 million, a P/E ratio of 18.31 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. Consolidated Water had a return on equity of 7.43% and a net margin of 20.75%. The firm had revenue of $33.72 million during the quarter, compared to the consensus estimate of $32.30 million. As a group, equities research analysts forecast that Consolidated Water Co. Ltd. will post 1.27 EPS for the current year.

Consolidated Water Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.14 per share. This is a positive change from Consolidated Water's previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, July 1st. This represents a $0.56 dividend on an annualized basis and a yield of 1.89%. Consolidated Water's dividend payout ratio is presently 34.57%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Martingale Asset Management L P raised its holdings in shares of Consolidated Water by 1.7% during the first quarter. Martingale Asset Management L P now owns 25,798 shares of the utilities provider's stock valued at $632,000 after acquiring an additional 440 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in Consolidated Water by 16.3% in the second quarter. Copeland Capital Management LLC now owns 3,232 shares of the utilities provider's stock worth $97,000 after buying an additional 454 shares during the period. Franklin Resources Inc. lifted its holdings in Consolidated Water by 1.6% in the fourth quarter. Franklin Resources Inc. now owns 30,327 shares of the utilities provider's stock worth $785,000 after buying an additional 467 shares during the period. Byrne Asset Management LLC lifted its holdings in Consolidated Water by 35.9% in the second quarter. Byrne Asset Management LLC now owns 2,254 shares of the utilities provider's stock worth $68,000 after buying an additional 595 shares during the period. Finally, Journey Strategic Wealth LLC boosted its position in shares of Consolidated Water by 7.0% during the first quarter. Journey Strategic Wealth LLC now owns 9,776 shares of the utilities provider's stock valued at $239,000 after purchasing an additional 638 shares in 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.