H2O Innovation (CVE:HEO) Price Target Cut to C$1.50 by Analysts at Canaccord Genuity
H2O Innovation (CVE:HEO) had its price objective decreased by Canaccord Genuity from C$1.60 to C$1.50 in a research report sent to investors on Thursday, BayStreet.CA reports.
CVE HEO traded up C$0.04 during trading hours on Thursday, hitting C$1.06. The company had a trading volume of 26,100 shares, compared to its average volume of 26,626. H2O Innovation has a 52 week low of C$0.78 and a 52 week high of C$1.31. The firm has a 50 day simple moving average of C$0.99 and a 200 day simple moving average of C$1.10. The company has a debt-to-equity ratio of 46.55, a quick ratio of 1.13 and a current ratio of 1.39. The firm has a market capitalization of $78.41 million and a price-to-earnings ratio of -18.91.
H2O Innovation (CVE:HEO) last issued its earnings results on Wednesday, November 13th. The company reported C($0.02) EPS for the quarter, hitting the consensus estimate of C($0.02). The company had revenue of C$28.22 million during the quarter, compared to the consensus estimate of C$30.15 million. On average, research analysts forecast that H2O Innovation will post 0.05 earnings per share for the current year.
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.
See Also: Why does a company issue an IPO?
Receive News & Ratings for H2O Innovation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H2O Innovation and related companies with MarketBeat.com's FREE daily email newsletter.