Water Intelligence (LON:WATR) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Water Intelligence plc (LON:WATR)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 275.22 and traded as high as GBX 345. Water Intelligence shares last traded at GBX 338, with a volume of 39,837 shares changing hands.

Analyst Upgrades and Downgrades

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

Water Intelligence Stock Performance

The company’s fifty day moving average price is GBX 298.96 and its two-hundred day moving average price is GBX 275.22. The company has a debt-to-equity ratio of 48.77, a quick ratio of 2.17 and a current ratio of 1.31. The firm has a market capitalization of £56.84 million, a PE ratio of 12.07, a price-to-earnings-growth ratio of -1.23 and a beta of 0.98.

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.