Consolidated Water Co. Ltd. (NASDAQ:CWCO) stock identified change of 45.41% away from 52-week low price and recently located move of -5.77% off 52-week high price. It has market worth of $260.18MM and dividend yield of 1.93%. CWCO stock has been recorded 6.48% away from 50 day moving average and 16.40% away from 200 day moving average. Moving closer, we can see that shares have been trading 5.31% off 20-day moving average.
On Jan. 29, 2020, Consolidated Water Co. Ltd. (NASDAQ Global Select Market:CWCO) a leading developer and operator of advanced water supply and treatment plants, has exercised its option to purchase, through its wholly-owned subsidiary, Consolidated Water U.S. Holdings, the remaining 49% interest in its subsidiary, Aerex Industries, for $8.5 million. As a result of the transaction, on January 24, 2020, Consolidated Water became the 100% owner of Aerex.
Based in Ft. Pierce, Florida, Aerex is a custom and specialty manufacturer of water treatment-related systems and products. It also provides design, engineering, management, operating and other services applicable to commercial, municipal and industrial water production.
Under the terms of the original purchase agreement for Aerex, Consolidated Water acquired an option to compel Aerex’s minority shareholder, Thomas Donnick, to sell his 49% ownership interest to Consolidated Water. Consolidated Water also granted the minority shareholder an option to compel Consolidated Water to purchase his 49% ownership interest. The terms called for the purchase price to be set at a fair market value for Aerex at the time the options would be exercised. The respective options became exercisable in February 2019.
The Utilities sector company, Consolidated Water Co. Ltd. noticed change of -1.24% to $17.58 along volume of 52317 shares in recent session compared to an average volume of 68.19K. The stock observed return of -0.34% in 5 days trading activity. The stock was at 6.29% over one month performance. CWCO’s shares are at 4.83% for the quarter and driving a 38.97% return over the course of the past year and is now at 7.85% since this point in 2018.
The average volatility for the week at 3.05% and for month was at 2.46%. There are 14.80M shares outstanding and 14.32M shares are floated in market. Right now the stock beta is 0.52.