Somewhat Favorable News Coverage Somewhat Unlikely to Impact Consolidated Water Co. (CWCO) Stock Price
Media stories about Consolidated Water Co. (NASDAQ:CWCO) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Consolidated Water Co. earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 46.9636011967357 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Separately, Zacks Investment Research cut shares of Consolidated Water Co. from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st.
Consolidated Water Co. (NASDAQ:CWCO) opened at 12.50 on Tuesday. The firm has a market capitalization of $186.25 million, a price-to-earnings ratio of 63.13 and a beta of 0.89. The firm’s 50-day moving average is $12.32 and its 200 day moving average is $11.95. Consolidated Water Co. has a 12 month low of $9.80 and a 12 month high of $13.10.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 2nd will be given a dividend of $0.075 per share. The ex-dividend date is Friday, September 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.40%. Consolidated Water Co.’s dividend payout ratio (DPR) is 150.01%.
About Consolidated Water Co.
Consolidated Water Co Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.
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