Water Intelligence (LON:WATR) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Water Intelligence plc (LON:WATR) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 261.73 and traded as high as GBX 305. Water Intelligence shares last traded at GBX 302.64, with a volume of 27,242 shares.

Analysts Set New Price Targets

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

Water Intelligence Stock Performance

The company has a market cap of £50.96 million, a P/E ratio of 10.81, a price-to-earnings-growth ratio of -1.23 and a beta of 0.98. The company’s fifty day moving average is GBX 261.73 and its 200 day moving average is GBX 274.42. The company has a current ratio of 1.31, a quick ratio of 2.17 and a debt-to-equity ratio of 48.77.

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.