Intermap Technologies (TSE:IMP) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Intermap Technologies Co. (TSE:IMP)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.70 and traded as low as C$1.66. Intermap Technologies shares last traded at C$1.72, with a volume of 135,679 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Atrium Research raised shares of Intermap Technologies to a “strong-buy” rating in a research report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Intermap Technologies Stock Up 4.2%

The stock has a market cap of C$122.46 million, a price-to-earnings ratio of -57.33 and a beta of 1.52. The company has a debt-to-equity ratio of 550.00, a quick ratio of 0.20 and a current ratio of 0.52. The firm’s 50-day simple moving average is C$2.21 and its two-hundred day simple moving average is C$2.70.

Intermap Technologies (TSE:IMP) last announced its earnings results on Thursday, November 13th. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$2.39 million for the quarter. Intermap Technologies had a positive return on equity of 4.87% and a negative net margin of 1.14%.

About Intermap Technologies

Intermap Technologies Corp is a global location-based geospatial intelligence company. It offers end-to-end geospatial services to government and commercial markets with patented sensors and processing technology. Its solutions are used for a range of applications, including flood and wildfire insurance, aviation, telecom, renewables, and railway.