BOSTON ( TheStreet) -- The shift to large-cap stocks that began last fall has helped lower the prices of many small-cap names. Here are five cheap stocks with strong fundamentals.

5. Connecticut Water Service ( CTWS) is a regulated water utility.

The numbers: Third-quarter profit doubled to $5.8 million, or 67 cents a share. Revenue declined 2% to $17 million. The company's gross margin widened from 41% to 46%, and its operating margin extended from 32% to 36%. Connecticut Water Service has a poor liquidity position, evident in its quick ratio of 0.5. Its 1.1 debt-to-equity ratio indicates sizable leverage.

The stock: Connecticut Water increased 5% during the past year, less than major U.S. indices. The stock trades at a price-to-earnings ratio of 18, a premium to water utility peers. The shares offer a 3.8% dividend yield.

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