Intermap Technologies (TSE:IMP) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Intermap Technologies Co. (TSE:IMP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.67 and traded as low as C$1.62. Intermap Technologies shares last traded at C$1.76, with a volume of 208,231 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Atrium Research raised Intermap Technologies to a “strong-buy” rating in a report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Intermap Technologies Stock Up 8.6%

The company has a debt-to-equity ratio of 550.00, a quick ratio of 0.20 and a current ratio of 0.52. The stock has a market cap of C$125.30 million, a price-to-earnings ratio of -58.67 and a beta of 1.52. The business’s 50 day moving average is C$2.11 and its 200 day moving average is C$2.67.

Intermap Technologies (TSE:IMP) last released its earnings results on Thursday, November 13th. The company reported C($0.02) earnings per share (EPS) for the quarter. Intermap Technologies had a negative net margin of 1.14% and a positive return on equity of 4.87%. The business had revenue of C$2.39 million during the quarter.

Intermap Technologies Company Profile

Intermap Technologies Corp is a global location-based geospatial intelligence company. It offers end-to-end geospatial services to government and commercial markets with patented sensors and processing technology. Its solutions are used for a range of applications, including flood and wildfire insurance, aviation, telecom, renewables, and railway.