Consolidated Water (NASDAQ:CWCO) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Consolidated Water Co. Ltd. (NASDAQ:CWCO)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Consolidated Water Price Performance

The stock’s 50 day moving average is $26.90 and its two-hundred day moving average is $26.03. The firm has a market capitalization of $440.37 million, a P/E ratio of 17.17, a P/E/G ratio of 2.44 and a beta of 0.19.

Consolidated Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, April 1st. Consolidated Water’s payout ratio is 27.16%.

Insider Activity

In related news, CEO Frederick W. Mctaggart sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $28.00, for a total value of $56,000.00. Following the completion of the sale, the chief executive officer now owns 271,995 shares in the company, valued at approximately $7,615,860. This represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.87% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Consolidated Water

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Byrne Asset Management LLC increased its stake in shares of Consolidated Water by 59.3% in the 4th quarter. Byrne Asset Management LLC now owns 1,720 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 640 shares during the last quarter. Allworth Financial LP increased its stake in Consolidated Water by 643.4% in the fourth quarter. Allworth Financial LP now owns 2,349 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 2,033 shares in the last quarter. Copeland Capital Management LLC raised its holdings in Consolidated Water by 37.4% in the fourth quarter. Copeland Capital Management LLC now owns 2,634 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 717 shares during the period. Quantbot Technologies LP raised its holdings in Consolidated Water by 1,538.3% in the fourth quarter. Quantbot Technologies LP now owns 3,981 shares of the utilities provider’s stock worth $103,000 after purchasing an additional 3,738 shares during the period. Finally, State of Tennessee Department of Treasury bought a new position in shares of Consolidated Water during the fourth quarter worth $149,000. 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.