Water Intelligence (LON:WATR) Reaches New 12-Month Low – Here’s What Happened

Water Intelligence plc (LON:WATR)’s share price reached a new 52-week low on Tuesday . The company traded as low as GBX 250 and last traded at GBX 250, with a volume of 74679 shares traded. The stock had previously closed at GBX 252.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price objective on Water Intelligence from GBX 500 to GBX 515 and gave the company a “buy” rating in a research note on Wednesday, March 18th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Water Intelligence has a consensus rating of “Buy” and a consensus price target of GBX 515.

Water Intelligence Stock Performance

The stock has a 50-day moving average price of GBX 300.01 and a 200 day moving average price of GBX 293.83. The company has a quick ratio of 2.17, a current ratio of 1.34 and a debt-to-equity ratio of 47.19. The firm has a market capitalization of £42.39 million, a price-to-earnings ratio of 10.04, 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.