Consolidated Water Co. (CWCO) Sees Large Volume Increase
Shares of Consolidated Water Co. (NASDAQ:CWCO) saw unusually-strong trading volume on Friday . Approximately 69,203 shares traded hands during mid-day trading, an increase of 27% from the previous session’s volume of 54,516 shares.The stock last traded at $12.56 and had previously closed at $12.30.
A number of equities analysts have issued reports 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 reissued a “buy” rating and issued a $15.00 target price (up previously from $14.00) on shares of Consolidated Water in a report on Thursday, May 12th.
The stock has a market cap of $185.19 million and a P/E ratio of 24.22. The company’s 50 day moving average is $13.17 and its 200 day moving average is $12.73.
Consolidated Water (NASDAQ:CWCO) last announced its earnings results on Tuesday, August 9th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by $0.01. Equities research analysts forecast that Consolidated Water Co. will post $0.60 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Investors of record on Friday, July 1st were issued a $0.075 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $0.30 annualized dividend and a yield of 2.40%.
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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