What’s Consolidated Water Co. Ltd. (CWCO) Upside After Forming Bullish Double Top Pattern?

August 10, 2018 - By Billy Entrekin

Investors sentiment decreased to 1.06 in Q1 2018. Its down 1.08, from 2.14 in 2017Q4. It is negative, as 8 investors sold Consolidated Water Co. Ltd. shares while 25 reduced holdings. 13 funds opened positions while 22 raised stakes. 7.67 million shares or 5.50% more from 7.27 million shares in 2017Q4 were reported.
Manchester Mngmt Ltd Co owns 60,383 shares or 0.14% of their US portfolio. Lsv Asset has 0.01% invested in Consolidated Water Co. Ltd. (NASDAQ:CWCO) for 392,050 shares. 3,246 are held by Bnp Paribas Arbitrage Sa. Parametric Port Associate Limited Co holds 12,596 shares. Rhumbline Advisers invested 0% of its portfolio in Consolidated Water Co. Ltd. (NASDAQ:CWCO). Jfs Wealth Limited Liability holds 113 shares or 0% of its portfolio. Panagora Asset Management holds 0% or 19,112 shares. Invesco Limited stated it has 0% in Consolidated Water Co. Ltd. (NASDAQ:CWCO). Millennium owns 13,923 shares for 0% of their portfolio. Essex Fincl Inc accumulated 14,159 shares or 0.04% of the stock. Thrivent Fincl For Lutherans, Minnesota-based fund reported 56,812 shares. California State Teachers Retirement System holds 22,251 shares. Tci Wealth Advsrs Inc accumulated 1,178 shares. Reilly Fincl Advsrs Limited Liability holds 0% or 334 shares. Wells Fargo And Company Mn holds 0% or 15,697 shares in its portfolio.

Since March 21, 2018, it had 0 insider purchases, and 3 insider sales for $41,761 activity. Another trade for 264 shares valued at $3,722 was made by MORRISON ROBERT B. on Wednesday, March 21.

The chart of Consolidated Water Co. Ltd. (CWCO) shows a double top with $14.98 target or 6.00 % above today’s $14.13 share price. The 6 months chart pattern indicates low risk for the $211.38M company. It was reported on Aug, 10 by Finviz.com. If the $14.98 price target is reached, the company will be worth $12.68M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.49% or $0.07 during the last trading session, reaching $14.13. About 1,392 shares traded. Consolidated Water Co. Ltd. (NASDAQ:CWCO) has risen 11.06% since August 10, 2017 and is uptrending. It has underperformed by 1.51% the S&P500.

Consolidated Water Co. Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands, and Indonesia. The company has market cap of $211.38 million. The firm operates through three divisions: Retail, Bulk, and Services. It has a 38.19 P/E ratio. It uses reverse osmosis technology to produce potable water from seawater.

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