Alkaline Water (OTCMKTS:WTER) Trading Down 0.3%

Alkaline Water Company Inc (OTCMKTS:WTER) shares traded down 0.3% during mid-day trading on Friday . The stock traded as low as $1.70 and last traded at $1.74, 136,572 shares were traded during mid-day trading. A decline of 75% from the average session volume of 536,802 shares. The stock had previously closed at $1.74.

The stock’s 50-day simple moving average is $1.87.

Alkaline Water (OTCMKTS:WTER) last issued its quarterly earnings data on Monday, July 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.07). Alkaline Water had a negative net margin of 22.16% and a negative return on equity of 263.88%. The business had revenue of $7.99 million during the quarter.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its stake in shares of Alkaline Water by 33.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 30,329 shares of the company’s stock valued at $66,000 after buying an additional 7,585 shares during the period. Spark Investment Management LLC increased its stake in shares of Alkaline Water by 23.8% in the 1st quarter. Spark Investment Management LLC now owns 38,610 shares of the company’s stock valued at $92,000 after buying an additional 7,410 shares during the period. Finally, Alpha Cubed Investments LLC acquired a new stake in shares of Alkaline Water in the 2nd quarter valued at $337,000.

About Alkaline Water (OTCMKTS:WTER)

The Alkaline Water Company Inc produces, distributes, and markets bottled alkaline water in the United States. The company offers bottled alkaline water in various volumes under the Alkaline88 trade name. It sells its products through brokers and distributors to retailers, such as convenience stores, natural food products stores, large ethnic markets, and national retailers.

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