Consolidated Water Co. (NASDAQ:CWCO)’s share price was down 2.3% during trading on Friday . The stock traded as low as $12.92 and last traded at $12.99, with a volume of 54,919 shares changing hands. The stock had previously closed at $13.29.

Several equities analysts recently commented on CWCO shares. Zacks Investment Research raised shares of Consolidated Water from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Thursday, May 26th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $15.00 target price (up previously from $14.00) on shares of Consolidated Water in a report on Thursday, May 12th.

The firm has a market cap of $192.06 million and a P/E ratio of 25.08. The company’s 50-day moving average is $13.37 and its 200-day moving average is $12.65.

Consolidated Water (NASDAQ:CWCO) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. On average, equities research analysts forecast that Consolidated Water Co. will post $0.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Friday, July 1st were given a $0.075 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.31%.

In other Consolidated Water news, COO John Tonner sold 4,600 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $13.79, for a total value of $63,434.00. Following the completion of the transaction, the chief operating officer now directly owns 8,600 shares in the company, valued at $118,594. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

A hedge fund recently raised its stake in Consolidated Water stock. Argent Capital Management LLC boosted its position in Consolidated Water Co. (NASDAQ:CWCO) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,400 shares of the company’s stock after buying an additional 800 shares during the period. Argent Capital Management LLC owned approximately 1.13% of Consolidated Water worth $2,037,000 at the end of the most recent reporting period.

Consolidated Water Co Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.

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