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

Shares of Water Intelligence plc (LON:WATR) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 321.05 ($4.28) and traded as low as GBX 266.75 ($3.56). Water Intelligence shares last traded at GBX 266.75 ($3.56), with a volume of 40,488 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 500 price target on shares of Water Intelligence in a research note on Monday, September 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 500.

Water Intelligence Price Performance

The company has a 50 day simple moving average of GBX 290.01 and a 200-day simple moving average of GBX 321.05. The stock has a market cap of £45.82 million, a price-to-earnings ratio of 10.71, a P/E/G ratio of -1.23 and a beta of 0.47. The company has a current ratio of 1.38, a quick ratio of 2.17 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.