Water Intelligence (LON:WATR) Share Price Passes Below 200-Day Moving Average – What’s Next?

Shares of Water Intelligence plc (LON:WATR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 313.77 and traded as low as GBX 290. Water Intelligence shares last traded at GBX 298, with a volume of 88,998 shares traded.

Wall Street Analyst Weigh In

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

Water Intelligence Trading Down 0.7%

The company has a market cap of £50.64 million, a P/E ratio of 11.97, a PEG ratio of -1.23 and a beta of 0.47. The firm’s 50 day moving average is GBX 283.62 and its two-hundred day moving average is GBX 313.77. The company has a quick ratio of 2.17, a current ratio of 1.38 and a debt-to-equity ratio of 32.90.

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.