Water Intelligence (LON:WATR) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Water Intelligence plc (LON:WATR) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 245.44 and traded as high as GBX 250. Water Intelligence shares last traded at GBX 240, with a volume of 46,095 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 515 target price on shares of Water Intelligence in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 515.

Water Intelligence Stock Up 0.2%

The company has a market cap of £40.52 million, a PE ratio of 9.66, a P/E/G ratio of -1.23 and a beta of 0.84. The business has a 50-day simple moving average of GBX 245.44 and a 200-day simple moving average of GBX 281.70. The company has a quick ratio of 2.17, a current ratio of 1.34 and a debt-to-equity ratio of 47.19.

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. It offers water leak and repair solutions. The company is involved in franchising activities, as well as operates corporate owned stores.