Intermap Technologies (TSE:IMP) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Intermap Technologies Co. (TSE:IMP) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.73 and traded as low as C$2.70. Intermap Technologies shares last traded at C$2.77, with a volume of 56,725 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Atrium Research raised Intermap Technologies to a “strong-buy” rating in a report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Intermap Technologies Trading Up 0.4%

The company has a quick ratio of 0.20, a current ratio of 0.52 and a debt-to-equity ratio of 550.00. The company’s 50-day moving average is C$2.76 and its 200 day moving average is C$2.74. The company has a market cap of C$197.92 million, a price-to-earnings ratio of -92.67 and a beta of 1.64.

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

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.