Water Intelligence (LON:WATR) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Shares of Water Intelligence plc (LON:WATR) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 261.73 and traded as high as GBX 305. Water Intelligence shares last traded at GBX 302.64, with a volume of 27,242 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 515 price target on shares of Water Intelligence in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 515.

Water Intelligence Stock Up 0.9%

The stock has a 50-day moving average of GBX 261.73 and a 200 day moving average of GBX 274.42. The company has a market capitalization of £50.96 million, a PE ratio of 10.81, a P/E/G ratio of -1.23 and a beta of 0.98. The company has a quick ratio of 2.17, a current ratio of 1.31 and a debt-to-equity ratio of 48.77.

Water Intelligence Company Profile

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.