Water Intelligence (LON:WATR) Stock Crosses Below 200 Day Moving Average – What’s Next?

Water Intelligence plc (LON:WATR) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 296.53 and traded as low as GBX 284. Water Intelligence shares last traded at GBX 290, with a volume of 20,274 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 500 target price on shares of Water Intelligence in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Water Intelligence presently has an average rating of “Buy” and a consensus target price of GBX 500.

Water Intelligence Price Performance

The company has a 50-day moving average of GBX 308.24 and a two-hundred day moving average of GBX 296.43. The company has a debt-to-equity ratio of 47.19, a current ratio of 1.34 and a quick ratio of 2.17. The stock has a market capitalization of £49.17 million, a PE ratio of 11.65, a P/E/G ratio of -1.23 and a beta of 0.47.

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.