Consolidated Water (NASDAQ:CWCO) Downgraded by StockNews.com to “Hold”

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

Consolidated Water Stock Up 0.6 %

Shares of Consolidated Water stock opened at $24.95 on Wednesday. The business has a fifty day simple moving average of $27.81 and a 200 day simple moving average of $31.13. Consolidated Water has a 12 month low of $16.50 and a 12 month high of $38.29.

Consolidated Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 1st will be paid a $0.095 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.52%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC acquired a new stake in Consolidated Water in the third quarter worth $29,000. GoalVest Advisory LLC acquired a new stake in Consolidated Water during the 1st quarter worth $29,000. Creekmur Asset Management LLC acquired a new position in Consolidated Water in the fourth quarter valued at about $45,000. AdvisorNet Financial Inc bought a new stake in shares of Consolidated Water in the fourth quarter worth about $71,000. Finally, USA Financial Formulas acquired a new stake in shares of Consolidated Water during the fourth quarter worth about $108,000. 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.