Consolidated Water (CWCO) in Focus: Stock Moves 7.5% Higher

Consolidated Water Co. Ltd. CWCO was a big mover last session, as the company saw its shares rise almost 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $11.50 to $12.05 in the past one-month time frame.

The company has seen one positive and one negative estimate revision in the past month, while its Zacks Consensus Estimate for the current quarter has moved lower over the past month, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Consolidated Water currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Another stock worth considering in the Utility – Water Supply industry is Veolia Environnement S.A. VEOEY which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is CWCO going up? Or down? Predict to see what others think: Up or Down

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