Consolidated Water Co. (CWCO) Stock Price Down 2.9%
Consolidated Water Co. (NASDAQ:CWCO) was down 2.9% during mid-day trading on Thursday . The company traded as low as $12.22 and last traded at $12.31, with a volume of 59,613 shares trading hands. The stock had previously closed at $12.68.
CWCO has been the topic of several recent analyst reports. 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 research note on Thursday, May 12th. 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 research note on Thursday, May 26th.
The stock has a market cap of $182.37 million and a price-to-earnings ratio of 23.86. The firm’s 50 day moving average is $13.08 and its 200 day moving average is $12.78.
Consolidated Water (NASDAQ:CWCO) last posted its earnings results on Tuesday, August 9th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.01. On average, analysts expect that Consolidated Water Co. will post $0.60 EPS for the current year.
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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