Consolidated Water (NASDAQ:CWCO) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Consolidated Water Co. Ltd. (NASDAQ:CWCO)’s stock price 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.

Consolidated Water Price Performance

The stock has a fifty day moving average of $25.59 and a 200 day moving average of $26.03. The stock has a market cap of $399.83 million, a price-to-earnings ratio of 18.04, a P/E/G ratio of 2.54 and a beta of 0.21.

Consolidated Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, January 2nd. Consolidated Water’s dividend payout ratio (DPR) is currently 31.43%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its stake in shares of Consolidated Water by 0.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 68,701 shares of the utilities provider’s stock valued at $1,823,000 after buying an additional 643 shares during the last quarter. Franklin Resources Inc. raised its position in Consolidated Water by 3.1% during the third quarter. Franklin Resources Inc. now owns 29,860 shares of the utilities provider’s stock valued at $773,000 after acquiring an additional 897 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in Consolidated Water in the 2nd quarter worth approximately $27,000. Charles Schwab Investment Management Inc. grew its stake in shares of Consolidated Water by 2.8% during the 3rd 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 during the period. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of Consolidated Water by 7.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,117 shares of the utilities provider’s stock valued at $454,000 after purchasing an additional 1,210 shares in the last quarter. Hedge funds and other institutional investors own 55.16% of the company’s stock.

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.