H2O INNOVATION (HEOFF) Issues Earnings Results

H2O INNOVATION (OTCMKTS:HEOFF) issued its quarterly earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02), Morningstar.com reports. H2O INNOVATION had a negative return on equity of 7.11% and a negative net margin of 5.98%.

Shares of H2O INNOVATION (HEOFF) traded up $0.03 during trading hours on Wednesday, reaching $1.02. The company’s stock had a trading volume of 650 shares, compared to its average volume of 2,672. The company has a current ratio of 1.29, a quick ratio of 1.06 and a debt-to-equity ratio of 0.22. H2O INNOVATION has a 12-month low of $0.86 and a 12-month high of $1.37. The firm has a market cap of $38.61, a price-to-earnings ratio of -11.00 and a beta of 0.25.

A number of brokerages have issued reports on HEOFF. Roth Capital reissued a “buy” rating on shares of H2O INNOVATION in a research note on Tuesday. Zacks Investment Research raised H2O INNOVATION from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th.

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H2O INNOVATION Company Profile

H2O Innovation Inc provides integrated water treatment solutions based on membrane filtration technology in Canada, the United States, Spain, China, the United Arab Emirates, Mexico, France, Egypt, and internationally. It designs, manufactures, and markets systems and equipment for the production of drinking water and industrial process water, reclamation and reuse of water, and desalination of seawater and treatment of wastewater.


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