Water Intelligence (LON:WATR) Stock Passes Below 200 Day Moving Average – Here’s Why

Water Intelligence plc (LON:WATR)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 276.92 and traded as low as GBX 240. Water Intelligence shares last traded at GBX 247, with a volume of 4,959 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 515 target price on shares of Water Intelligence in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 515.

Water Intelligence Price Performance

The business has a fifty day moving average of GBX 244.33 and a 200-day moving average of GBX 276.92. The firm has a market cap of £41.59 million, a PE ratio of 9.92, a PEG ratio of -1.23 and a beta of 0.96. The company has a current ratio of 1.34, a quick ratio of 2.17 and a debt-to-equity ratio of 47.19.

About Water Intelligence

Water Intelligence plc, together with its subsidiaries, provides leak detection and remediation services for potable and non-potable water in the United States, the United Kingdom, Australia, Canada, and internationally. The company operates through Franchise Royalty Income, Franchise-Related Activities, US Corporate Operated Locations, and International Corporate Operated Locations segments. It offers water leak and repair solutions. The company is involved in franchising activities, as well as operates corporate owned stores.