Consolidated Water (NASDAQ:CWCO) Stock Passes Above 200 Day Moving Average of $13.53

Consolidated Water Co. Ltd. (NASDAQ:CWCOGet Rating) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.53 and traded as high as $17.80. Consolidated Water shares last traded at $17.63, with a volume of 105,773 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Janney Montgomery Scott cut shares of Consolidated Water from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 14th. TheStreet upgraded shares of Consolidated Water from a “c+” rating to a “b-” rating in a research report on Wednesday, June 8th. Finally, StockNews.com upgraded shares of Consolidated Water from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 23rd.

Consolidated Water Stock Performance

The company’s 50 day moving average is $15.99 and its 200-day moving average is $13.53.

Consolidated Water Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 3rd will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Friday, September 30th.

Insider Buying and Selling at Consolidated Water

In other Consolidated Water news, Director Clarence B. Flowers sold 3,430 shares of the firm’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $16.46, for a total value of $56,457.80. Following the transaction, the director now directly owns 300,476 shares of the company’s stock, valued at $4,945,834.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.58% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Byrne Asset Management LLC bought a new position in shares of Consolidated Water in the fourth quarter valued at $26,000. Acadian Asset Management LLC purchased a new stake in shares of Consolidated Water in the first quarter valued at about $54,000. Lazard Asset Management LLC purchased a new stake in shares of Consolidated Water in the second quarter valued at about $81,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Consolidated Water in the second quarter valued at about $175,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Consolidated Water in the first quarter valued at about $184,000. 46.34% of the stock is owned by institutional investors.

Consolidated Water Company Profile

(Get Rating)

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.

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