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

Key Points

• Consolidated Water shares crossed above their 200-day moving average, reaching $31.00 before trading at $30.25, compared with a 200-day average of $30.37.
• Analysts maintain a broadly neutral view: Zacks upgraded the stock from “strong sell” to “hold,” while MarketBeat reports an average rating of “Hold.”
• The company exceeded quarterly expectations with $0.25 in EPS and $32.87 million in revenue, and declared a $0.14 quarterly dividend, representing a 1.9% yield.

Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO - Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $30.37 and traded as high as $31.00. Consolidated Water shares last traded at $30.25, with a volume of 98,738 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CWCO shares. Zacks Research upgraded shares of Consolidated Water from a "strong sell" rating to a "hold" rating in a research note on Friday, August 28th. Weiss Ratings restated a "hold (c)" rating on shares of Consolidated Water in a research note on Friday, October 2nd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Consolidated Water has an average rating of "Hold".

Consolidated Water Stock Performance

The firm has a market capitalization of $484.30 million, a PE ratio of 36.45 and a beta of 0.51. The business's fifty day simple moving average is $29.35 and its 200-day simple moving average is $30.37.

Consolidated Water (NASDAQ:CWCO - Get Free Report) last released its earnings results on Monday, August 10th. The utilities provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. Consolidated Water had a net margin of 12.66% and a return on equity of 7.23%. The firm had revenue of $32.87 million for the quarter, compared to the consensus estimate of $30.60 million. Sell-side analysts expect that Consolidated Water Co. Ltd. will post 0.95 earnings per share for the current fiscal year.

Consolidated Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 1st will be paid a $0.14 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.56 annualized dividend and a yield of 1.9%. Consolidated Water's payout ratio is presently 67.47%.

Insider Activity at Consolidated Water

In other news, Director Raymond Whittaker sold 1,000 shares of the firm's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $28.93, for a total transaction of $28,930.00. Following the completion of the transaction, the director owned 2,038 shares in the company, valued at $58,959.34. This trade represents a 32.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.81% of the stock is owned by company insiders.

Hedge Funds Weigh In On Consolidated Water

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CWCO. Tidal Investments LLC purchased a new position in Consolidated Water during the 2nd quarter valued at approximately $483,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Consolidated Water during the 2nd quarter worth approximately $92,000. Ancora Advisors LLC bought a new position in shares of Consolidated Water during the 2nd quarter valued at approximately $383,000. Cullen Capital Management LLC bought a new position in shares of Consolidated Water during the 2nd quarter valued at approximately $294,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Consolidated Water by 69.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 12,702 shares of the utilities provider's stock valued at $375,000 after purchasing an additional 5,194 shares in the last quarter. 55.16% of the stock is owned by institutional investors.

About Consolidated Water

Consolidated Water Co Ltd. develops, designs, constructs, owns and operates seawater desalination plants and water-treatment facilities. The company produces potable water from seawater and other sources for municipal and commercial customers, and also provides engineering, procurement and construction services for water and wastewater infrastructure.

Founded in 1973 and headquartered in George Town, Grand Cayman, Consolidated Water has primarily served water-scarce communities in the Caribbean.

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