Consolidated Water hits 5-month low after earnings

Consolidated Water Co

15/11/2022 19:04

** Consolidated Water  CWCO.O  shares down 20.82% at $13.87
after hitting 5-month low of $13.38
    ** Shares in the Cayman Islands-based water company on track
for their biggest daily pct tumble since March 16, 2020 after
company posted Q3 earnings of 2 cents per share that fell well
short of Street estimate of 18 cents per share, per Refinitiv
data, although revenue of $25.05 mln topped $24.10 mln estimate 
    ** Trading volume of 518,134 shares about 6.6X the 10-day
avg of 78,405 shares
    ** Shares briefly fell below 200-day moving avg of $13.74
for first time since May
    ** Despite sharp decline, shares still up ~30% YTD
 (Reporting by Chuck Mikolajczak)
 ((charles.mikolajczak@tr.com; @ChuckMik;))