Alkaline Water (CVE:WTER) Stock Price Down 0.8% – What’s Next?

Alkaline Water Company Inc (CVE:WTER) shares dropped 0.8% during trading on Wednesday . The stock traded as low as C$1.26 and last traded at C$1.28. Approximately 6,309 shares changed hands during trading, a decline of 60% from the average daily volume of 15,937 shares. The stock had previously closed at C$1.29.

Alkaline Water Price Performance

The company has a debt-to-equity ratio of 66.88, a current ratio of 1.33 and a quick ratio of 0.84. The company’s 50 day moving average price is C$1.28 and its 200 day moving average price is C$1.28. The firm has a market capitalization of C$75.50 million and a P/E ratio of -3.79.

Alkaline Water Company Profile

The Alkaline Water Company Inc produces, distributes, and markets bottled alkaline water in the United States. It also provides flavored bottled alkaline water. The company offers its products in various volumes under the Alkaline88 and Alkaline88 Flavored names. It sells its products through brokers and distributors to retailers, such as convenience stores, natural food products stores, large ethnic markets, and national retailers. The company was incorporated in 2011 and is headquartered in Scottsdale, Arizona.