Water Intelligence (LON:WATR) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Water Intelligence plc (LON:WATR)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 305.09 and traded as low as GBX 280. Water Intelligence shares last traded at GBX 288, with a volume of 11,715 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 500 price target on shares of Water Intelligence in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Water Intelligence has a consensus rating of “Buy” and an average target price of GBX 500.

Water Intelligence Price Performance

The company has a current ratio of 1.38, a quick ratio of 2.17 and a debt-to-equity ratio of 32.90. The stock has a market capitalization of £54.76 million, a price-to-earnings ratio of 11.57, a PEG ratio of -1.23 and a beta of 0.47. The stock has a fifty day moving average of GBX 286.83 and a two-hundred day moving average of GBX 304.97.

Water Intelligence Company Profile

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.