Consolidated Water Co. Ltd. (NASDAQ:CWCO - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.55 and traded as high as $31.09. Consolidated Water shares last traded at $29.81, with a volume of 122,101 shares.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Consolidated Water from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
Check Out Our Latest Stock Report on CWCO
Consolidated Water Price Performance
The firm's fifty day moving average price is $28.44 and its two-hundred day moving average price is $26.61. The stock has a market cap of $468.21 million, a price-to-earnings ratio of 18.15 and a beta of 0.47.
Consolidated Water (NASDAQ:CWCO - Get Free Report) 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. The company had revenue of $33.72 million for the quarter, compared to analyst estimates of $32.30 million. Consolidated Water had a net margin of 20.75% and a return on equity of 7.43%. On average, equities research analysts anticipate that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current year.
Consolidated Water Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 1st will be issued a $0.14 dividend. The ex-dividend date is Tuesday, July 1st. This is an increase from Consolidated Water's previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 1.90%. Consolidated Water's dividend payout ratio (DPR) is 34.57%.
Institutional Trading of Consolidated Water
Institutional investors and hedge funds have recently bought and sold shares of the company. Martingale Asset Management L P raised its position in Consolidated Water by 1.7% in the 1st quarter. Martingale Asset Management L P now owns 25,798 shares of the utilities provider's stock worth $632,000 after purchasing an additional 440 shares during the period. Franklin Resources Inc. raised its position 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 during the period. Byrne Asset Management LLC raised its position in Consolidated Water by 35.9% in the 2nd 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 period. Journey Strategic Wealth LLC grew its holdings in Consolidated Water by 7.0% in the 1st quarter. Journey Strategic Wealth LLC now owns 9,776 shares of the utilities provider's stock worth $239,000 after acquiring an additional 638 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Consolidated Water by 7.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,620 shares of the utilities provider's stock valued at $301,000 after purchasing an additional 764 shares in the last quarter. 55.16% of the stock is currently owned by hedge funds and other institutional investors.
Consolidated Water Company Profile
(
Get Free Report)
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.
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