Consolidated Water (NASDAQ:CWCO) Stock Passes Above 200-Day Moving Average of $27.25

Consolidated Water Co. Ltd. (NASDAQ:CWCO)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.25 and traded as high as $28.39. Consolidated Water shares last traded at $28.01, with a volume of 201,120 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com cut Consolidated Water from a “buy” rating to a “hold” rating in a report on Friday, May 10th.

Consolidated Water Stock Up 3.7 %

The stock has a market cap of $443.37 million, a price-to-earnings ratio of 18.07, a PEG ratio of 2.66 and a beta of 0.17. The business’s 50 day simple moving average is $26.81 and its 200 day simple moving average is $27.25.

Insider Buying and Selling at Consolidated Water

In other Consolidated Water news, Director Clarence B. Flowers sold 2,700 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $25.04, for a total transaction of $67,608.00. Following the completion of the sale, the director now directly owns 300,500 shares in the company, valued at $7,524,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.87% of the company’s stock.

Institutional Trading of Consolidated Water

Institutional investors have recently bought and sold shares of the business. Precision Wealth Strategies LLC increased its position in shares of Consolidated Water by 8.6% in the first quarter. Precision Wealth Strategies LLC now owns 6,912 shares of the utilities provider’s stock worth $203,000 after purchasing an additional 547 shares during the period. Farrow Financial Inc. raised its position in shares of Consolidated Water by 0.7% in the 2nd quarter. Farrow Financial Inc. now owns 90,636 shares of the utilities provider’s stock valued at $2,405,000 after buying an additional 602 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Consolidated Water by 0.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 68,701 shares of the utilities provider’s stock worth $1,823,000 after acquiring an additional 643 shares during the period. GoalVest Advisory LLC acquired a new stake in shares of Consolidated Water during the 1st quarter worth approximately $29,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Consolidated Water in the second quarter valued at approximately $27,000. Institutional investors own 55.16% of the company’s stock.

About Consolidated Water

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.