Water Intelligence (LON:WATR) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Water Intelligence plc (LON:WATR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 325.66 ($4.33) and traded as low as GBX 286 ($3.80). Water Intelligence shares last traded at GBX 286 ($3.80), with a volume of 407,130 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 500 price objective 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.com, Water Intelligence presently has an average rating of “Buy” and an average target price of GBX 500.

Water Intelligence Stock Down 0.5%

The firm has a market cap of £48.87 million, a price-to-earnings ratio of 1,142.57, a P/E/G ratio of -1.23 and a beta of 0.47. The firm’s 50 day moving average price is GBX 299.28 and its two-hundred day moving average price is GBX 325.66. The company has a debt-to-equity ratio of 32.90, a current ratio of 1.38 and a quick ratio of 2.17.

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.