Water Intelligence (LON:WATR) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Water Intelligence plc (LON:WATR) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 289.44 and traded as high as GBX 300. Water Intelligence shares last traded at GBX 288, with a volume of 246,019 shares changing hands.

Analyst Upgrades and Downgrades

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

Water Intelligence Stock Down 5.9%

The business has a 50 day simple moving average of GBX 289.44 and a 200 day simple moving average of GBX 302.20. The company has a debt-to-equity ratio of 32.90, a current ratio of 1.38 and a quick ratio of 2.17. The stock has a market cap of £54.76 million, a PE ratio of 11.57, a P/E/G ratio of -1.23 and a beta of 0.47.

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.