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

Water Intelligence plc (LON:WATR)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 273.88 and traded as low as GBX 270. Water Intelligence shares last traded at GBX 295, with a volume of 73,780 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 515 price target on shares of Water Intelligence in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 515.

Water Intelligence Trading Down 1.1%

The business’s 50 day moving average price is GBX 253.13 and its 200-day moving average price is GBX 273.89. The firm has a market cap of £46.64 million, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of -1.23 and a beta of 0.98. The company has a debt-to-equity ratio of 48.77, a quick ratio of 2.17 and a current ratio of 1.31.

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. It offers water leak and repair solutions. The company is involved in franchising activities, as well as operates corporate owned stores.