Shares of Consolidated Water Co. (NASDAQ:CWCO) dropped 2.3% during mid-day trading on Friday . The company 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.

CWCO has been the subject of a number of research analyst reports. Janney Montgomery Scott reissued a “buy” rating and issued a $15.00 target price (up from $14.00) on shares of Consolidated Water in a research report on Thursday, May 12th. Zacks Investment Research raised Consolidated Water from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Thursday, May 26th.

The company has a market capitalization of $192.45 million and a PE ratio of 25.17. The company’s 50 day moving average is $13.37 and its 200-day moving average is $12.65.

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

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

In other Consolidated Water news, COO John Tonner sold 4,600 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $13.79, for a total value of $63,434.00. Following the transaction, the chief operating officer now directly owns 8,600 shares of the company’s stock, valued at $118,594. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

An institutional investor recently raised its position in Consolidated Water stock. Argent Capital Management LLC increased its stake in shares of Consolidated Water Co. (NASDAQ:CWCO) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,400 shares of the company’s stock after buying an additional 800 shares during the period. Argent Capital Management LLC owned 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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