Water Intelligence (LON:WATR) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Water Intelligence plc (LON:WATR) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 279.41 and traded as low as GBX 244. Water Intelligence shares last traded at GBX 244, with a volume of 658 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 515 price target on shares of Water Intelligence in a research report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating, According to 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 firm’s fifty day moving average price is GBX 242.74 and its 200-day moving average price is GBX 278.66. The company has a market cap of £40.44 million, a P/E ratio of 9.64, a P/E/G ratio of -1.23 and a beta of 0.96. The company has a current ratio of 1.34, a quick ratio of 2.17 and a debt-to-equity ratio of 47.19.

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.