H2O Innovation (OTCMKTS:HEOFF) Stock Crosses Above 50 Day Moving Average – Here’s Why

H2O Innovation Inc. (OTCMKTS:HEOFF) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.12 and traded as high as $3.1260. H2O Innovation shares last traded at $3.1201, with a volume of 900 shares changing hands.

H2O Innovation Stock Performance

The firm has a market capitalization of $280.83 million, a PE ratio of -312.01 and a beta of 0.47. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.10 and a quick ratio of 1.50. The business has a 50-day simple moving average of $3.12 and a 200-day simple moving average of $3.12.

About H2O Innovation

H2O Innovation Inc designs and provides integrated water treatment solutions based on membrane filtration technology. It operates through three segments: Water Technologies and Services, Specialty Products, and Operation and Maintenance Services. The company offers membrane filtration technology for municipal, industrial, energy, and natural resources end-users; and aftersales services, as well as digital solutions to monitor and optimize water treatment plants.