Consolidated Water Co. Ltd. (NASDAQ:CWCO - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.06 and traded as high as $26.68. Consolidated Water shares last traded at $26.00, with a volume of 102,971 shares traded.
Consolidated Water Stock Down 5.2 %
The stock has a market cap of $390.49 million, a P/E ratio of 17.61, a P/E/G ratio of 2.54 and a beta of 0.21. The firm has a 50 day moving average price of $25.58 and a 200 day moving average price of $26.04.
Consolidated Water Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Thursday, January 2nd. Consolidated Water's payout ratio is 31.43%.
Hedge Funds Weigh In On Consolidated Water
A number of hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Consolidated Water during the 3rd quarter valued at $608,000. Bank of New York Mellon Corp raised its holdings in Consolidated Water by 36.0% during the second quarter. Bank of New York Mellon Corp now owns 76,702 shares of the utilities provider's stock valued at $2,036,000 after acquiring an additional 20,315 shares during the period. Cornercap Investment Counsel Inc. purchased a new position in shares of Consolidated Water in the second quarter valued at about $524,000. AltraVue Capital LLC boosted its stake in shares of Consolidated Water by 15.1% in the second quarter. AltraVue Capital LLC now owns 744,610 shares of the utilities provider's stock worth $19,762,000 after acquiring an additional 97,740 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Consolidated Water by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 43,175 shares of the utilities provider's stock worth $1,088,000 after purchasing an additional 1,159 shares in the last quarter. 55.16% of the stock is currently owned by institutional investors.
About Consolidated Water
(
Get Free Report)
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.
Further Reading
Before you consider Consolidated Water, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Consolidated Water wasn't on the list.
While Consolidated Water currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
