Consolidated Water (NASDAQ:CWCO) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $26.03 and traded as high as $29.26. Consolidated Water shares last traded at $29.10, with a volume of 127,498 shares traded.

Consolidated Water Price Performance

The stock's 50 day simple moving average is $26.98 and its two-hundred day simple moving average is $26.05. The stock has a market capitalization of $420.47 million, a PE ratio of 16.39, a PEG ratio of 2.44 and a beta of 0.19.

Consolidated Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Tuesday, April 1st. Consolidated Water's dividend payout ratio (DPR) is 27.16%.

Insider Buying and Selling at Consolidated Water

In other news, CEO Frederick W. Mctaggart sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $28.00, for a total value of $56,000.00. Following the sale, the chief executive officer now owns 271,995 shares of the company's stock, valued at $7,615,860. The trade was a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 5.87% of the company's stock.

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Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. TSP Capital Management Group LLC boosted its holdings in shares of Consolidated Water by 1.5% in the fourth quarter. TSP Capital Management Group LLC now owns 479,175 shares of the utilities provider's stock worth $12,406,000 after acquiring an additional 7,075 shares during the period. Geode Capital Management LLC grew its holdings in Consolidated Water by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 438,223 shares of the utilities provider's stock valued at $11,347,000 after buying an additional 15,060 shares in the last quarter. State Street Corp lifted its holdings in shares of Consolidated Water by 1.8% in the third quarter. State Street Corp now owns 332,902 shares of the utilities provider's stock worth $8,392,000 after buying an additional 5,976 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Consolidated Water by 54.7% in the third quarter. JPMorgan Chase & Co. now owns 299,102 shares of the utilities provider's stock valued at $7,540,000 after acquiring an additional 105,711 shares during the period. Finally, Invesco Ltd. grew its stake in Consolidated Water by 6.8% during the fourth quarter. Invesco Ltd. now owns 240,544 shares of the utilities provider's stock valued at $6,228,000 after acquiring an additional 15,263 shares in the last quarter. 55.16% of the stock is currently owned by hedge funds and other institutional investors.

About Consolidated Water

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.