Consolidated Water Co. Ltd. (NASDAQ:CWCO) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 111,100 shares, a decrease of 12.2% from the September 30th total of 126,600 shares. Based on an average daily volume of 63,300 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.8% of the shares of the stock are short sold.
Several research analysts have recently weighed in on CWCO shares. BidaskClub upgraded Consolidated Water from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. ValuEngine downgraded Consolidated Water from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Janney Montgomery Scott reiterated a “buy” rating on shares of Consolidated Water in a research note on Tuesday, August 13th.
In other news, Director Clarence B. Flowers sold 14,480 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $14.70, for a total value of $212,856.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.79% of the stock is currently owned by corporate insiders.
Shares of CWCO traded up $0.25 during midday trading on Monday, reaching $16.13. 4,011 shares of the stock were exchanged, compared to its average volume of 66,489. The business’s 50-day moving average price is $16.63 and its 200 day moving average price is $14.76. The company has a debt-to-equity ratio of 0.02, a current ratio of 13.45 and a quick ratio of 12.15. Consolidated Water has a twelve month low of $10.76 and a twelve month high of $17.87. The company has a market capitalization of $238.94 million, a price-to-earnings ratio of 23.66, a PEG ratio of 3.26 and a beta of 0.56.
Consolidated Water (NASDAQ:CWCO) last issued its earnings results on Tuesday, November 12th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The company had revenue of $15.89 million for the quarter, compared to analyst estimates of $17.95 million. Consolidated Water had a net margin of 18.56% and a return on equity of 5.66%. As a group, equities research analysts expect that Consolidated Water will post 0.61 earnings per share for the current fiscal year.
About Consolidated Water
Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems primarily in the Cayman Islands, the Bahamas, Indonesia, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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