Consolidated Water (NASDAQ:CWCO) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Consolidated Water Co. Ltd. (NASDAQ:CWCO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.06 and traded as high as $26.68. Consolidated Water shares last traded at $26.00, with a volume of 102,971 shares trading hands.

Consolidated Water Trading Down 1.2 %

The company has a fifty day moving average of $25.55 and a 200-day moving average of $26.06. The stock has a market cap of $411.71 million, a PE ratio of 18.57, a P/E/G ratio of 2.54 and a beta of 0.21.

Consolidated Water Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.69%. Consolidated Water’s dividend payout ratio is presently 31.43%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new stake in Consolidated Water during the 3rd quarter worth approximately $608,000. Bank of New York Mellon Corp raised its stake in shares of Consolidated Water by 36.0% in the second quarter. Bank of New York Mellon Corp now owns 76,702 shares of the utilities provider’s stock valued at $2,036,000 after acquiring an additional 20,315 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new position in Consolidated Water in the second quarter valued at $524,000. AltraVue Capital LLC increased its holdings in Consolidated Water by 15.1% during the 2nd quarter. AltraVue Capital LLC now owns 744,610 shares of the utilities provider’s stock worth $19,762,000 after purchasing an additional 97,740 shares during the period. Finally, Hussman Strategic Advisors Inc. increased its holdings in Consolidated Water by 33.3% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the utilities provider’s stock worth $2,229,000 after purchasing an additional 21,000 shares during the period. Hedge funds and other 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.