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

Shares of Water Intelligence plc (LON:WATR) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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 trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set 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, the stock currently has an average rating of “Buy” and an average price target of GBX 515.

Water Intelligence Stock Up 0.2%

The company has a current ratio of 1.34, a quick ratio of 2.17 and a debt-to-equity ratio of 47.19. The company has a market capitalization of £40.52 million, a PE ratio of 9.66, a price-to-earnings-growth ratio of -1.23 and a beta of 0.84. The business’s 50-day simple moving average is GBX 245.44 and its 200-day simple moving average is GBX 281.70.

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.