CWCO - Shares of Consolidated Water Co. Ltd. (CWCO) Have Risen Above Previous 52-Week High
Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) traded at a new 52-week high today of $18.99. Approximately 6.7 million shares have changed hands today, as compared to an average 30-day volume of 114,000 shares.
In the past 52 weeks, shares of Consolidated Water Co. Ltd. have traded between the current low of $9.00 and a high of $13.24 and is now at $11.54.
Based on a current price of $11.54, Consolidated Water Co. Ltd. is currently 1.6% above its average consensus analyst price target of $11.36.
Consolidated Water Co Ltd is active in the utility sector. It develops and operates seawater desalination plants and water distribution systems in areas where naturally occurring supplies of potable water are scarce or nonexistent. The company's operating segment includes Retail, Bulk, Services, and Manufacturing. It generates maximum revenue from the Bulk segment. The bulk segment supplies potable water to government utilities in Grand Cayman and The Bahamas under long-term contracts. Its retail segment operates the water utility for the Seven Mile Beach and West Bay areas of Grand Cayman Island pursuant to an exclusive license granted by the Cayman Islands government. Geographically, it derives a majority of revenue from the Cayman Islands.
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