Consolidated Water (NASDAQ:CWCO) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Consolidated Water (NASDAQ:CWCO) from a buy rating to a hold rating in a research note published on Wednesday.

Consolidated Water Stock Performance

Shares of CWCO stock opened at $25.22 on Wednesday. The stock’s fifty day moving average is $27.59 and its two-hundred day moving average is $31.04. Consolidated Water has a fifty-two week low of $16.50 and a fifty-two week high of $38.29.

Consolidated Water Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 1st will be given a dividend of $0.095 per share. The ex-dividend date is Thursday, March 28th. This represents a $0.38 annualized dividend and a dividend yield of 1.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. GoalVest Advisory LLC acquired a new position in shares of Consolidated Water during the 1st quarter valued at about $29,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of Consolidated Water during the 3rd quarter valued at about $29,000. Creekmur Asset Management LLC acquired a new position in shares of Consolidated Water during the 4th quarter valued at about $45,000. AdvisorNet Financial Inc acquired a new position in shares of Consolidated Water during the 4th quarter valued at about $71,000. Finally, USA Financial Formulas acquired a new position in shares of Consolidated Water during the 4th quarter valued at about $108,000. Institutional investors and hedge funds 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.