Consolidated Water (NASDAQ:CWCO) Stock Crosses Above 200 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 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 changing hands.

Consolidated Water Trading Up 2.4 %

The firm has a fifty day moving average price of $26.90 and a 200 day moving average price of $26.03. The firm has a market capitalization of $440.37 million, a price-to-earnings ratio of 17.17, a P/E/G ratio of 2.44 and a beta of 0.19.

Consolidated Water Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, April 1st. Consolidated Water’s payout ratio is presently 27.16%.

Insider Activity

In other Consolidated Water news, CEO Frederick W. Mctaggart sold 2,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $28.00, for a total transaction 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. This represents a 0.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.87% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Consolidated Water

A number of institutional investors have recently modified their holdings of CWCO. Franklin Resources Inc. increased its holdings in shares of Consolidated Water by 1.6% in the fourth quarter. Franklin Resources Inc. now owns 30,327 shares of the utilities provider’s stock valued at $785,000 after purchasing an additional 467 shares in the last quarter. Byrne Asset Management LLC boosted its position in 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 buying an additional 640 shares during the last quarter. Copeland Capital Management LLC increased its stake in shares of Consolidated Water by 37.4% in the 4th quarter. Copeland Capital Management LLC now owns 2,634 shares of the utilities provider’s stock valued at $68,000 after buying an additional 717 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Consolidated Water by 7.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,620 shares of the utilities provider’s stock worth $301,000 after acquiring an additional 764 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Consolidated Water by 13.0% during the fourth quarter. Russell Investments Group Ltd. now owns 6,905 shares of the utilities provider’s stock valued at $179,000 after acquiring an additional 794 shares during the period. 55.16% of the stock is owned by institutional investors.

Consolidated Water Company Profile

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.