Water Intelligence (LON:WATR) Stock Passes Below 200-Day Moving Average – Here’s Why

Water Intelligence plc (LON:WATRGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 276.92 and traded as low as GBX 240. Water Intelligence shares last traded at GBX 247, with a volume of 4,959 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 515 price objective on shares of Water Intelligence in a research note on Tuesday, May 19th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 515.

View Our Latest Analysis on Water Intelligence

Water Intelligence Stock Up 2.0%

The company has a 50 day simple moving average of GBX 244.93 and a two-hundred day simple moving average of GBX 276.73. The company has a market capitalization of £42.10 million, a P/E ratio of 10.04, a PEG ratio of -1.23 and a beta of 0.96. The company has a quick ratio of 2.17, a current ratio of 1.34 and a debt-to-equity ratio of 47.19.

Water Intelligence Company Profile

(Get Free Report)

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.

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