Water Intelligence (LON:WATR) Stock Crosses Below 200-Day Moving Average – What’s Next?

Shares of Water Intelligence plc (LON:WATR) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 279.41 and traded as low as GBX 244. Water Intelligence shares last traded at GBX 244, with a volume of 658 shares traded.

Analyst Upgrades and Downgrades

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

Water Intelligence Stock Performance

The business has a 50 day moving average of GBX 243.11 and a two-hundred day moving average of GBX 279.41. The company has a debt-to-equity ratio of 47.19, a quick ratio of 2.17 and a current ratio of 1.34. The firm has a market capitalization of £41.11 million, a price-to-earnings ratio of 9.80, a P/E/G ratio of -1.23 and a beta of 0.84.

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.