Consolidated Water (NASDAQ:CWCO) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Consolidated Water Co. Ltd. (NASDAQ:CWCO)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $34.71 and traded as high as $37.69. Consolidated Water shares last traded at $37.21, with a volume of 51,267 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CWCO. Wall Street Zen raised Consolidated Water from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Consolidated Water in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Consolidated Water presently has an average rating of “Buy” and an average target price of $40.00.

Consolidated Water Trading Up 1.1%

The stock has a 50-day moving average of $36.46 and a two-hundred day moving average of $34.71. The firm has a market cap of $592.76 million, a price-to-earnings ratio of 38.36 and a beta of 0.49.

Consolidated Water Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 2nd were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, January 2nd. Consolidated Water’s dividend payout ratio is 57.73%.

Insider Buying and Selling

In other Consolidated Water news, Director Wilmer F. Pergande sold 4,299 shares of Consolidated Water stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $33.75, for a total transaction of $145,091.25. Following the transaction, the director directly owned 31,884 shares in the company, valued at approximately $1,076,085. The trade was a 11.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.25% of the company’s stock.

Institutional Trading of Consolidated Water

Several hedge funds and other institutional investors have recently modified their holdings of CWCO. JPMorgan Chase & Co. raised its position in Consolidated Water by 18.9% during the second quarter. JPMorgan Chase & Co. now owns 637,378 shares of the utilities provider’s stock valued at $19,134,000 after buying an additional 101,434 shares during the period. TrueMark Investments LLC purchased a new position in Consolidated Water during the 2nd quarter valued at about $1,490,000. ArrowMark Colorado Holdings LLC increased its holdings in shares of Consolidated Water by 23.1% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 262,000 shares of the utilities provider’s stock valued at $9,243,000 after purchasing an additional 49,163 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Consolidated Water in the 3rd quarter valued at about $1,690,000. Finally, Renaissance Group LLC purchased a new stake in shares of Consolidated Water in the third quarter worth approximately $1,148,000. Institutional investors and hedge funds own 55.16% of the company’s stock.

About Consolidated Water

Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.

Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.