Intermap Technologies (TSE:IMP) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Intermap Technologies (TSE:IMP) shares have surpassed their 50-day moving average, indicating a potential upward trend as the stock traded at a high of C$3.13 and last at C$3.08.
• Stifel Canada has upgraded Intermap Technologies to a "strong-buy" rating, with overall analyst consensus also reflecting a strong buy sentiment.
• The company's current market capitalization stands at C$117.45 million, with the debt-to-equity ratio reported at an exceptionally high 550.00.

Intermap Technologies Co. (TSE:IMP - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$2.75 and traded as high as C$3.13. Intermap Technologies shares last traded at C$3.08, with a volume of 27,834 shares changing hands.

Analysts Set New Price Targets

Separately, Stifel Canada upgraded shares of Intermap Technologies to a "strong-buy" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Strong Buy".

Intermap Technologies Trading Down 0.3%

The company has a debt-to-equity ratio of 550.00, a quick ratio of 0.20 and a current ratio of 0.52. The firm's fifty day simple moving average is C$2.82 and its 200-day simple moving average is C$2.34. The stock has a market cap of C$192.06 million, a P/E ratio of 159.50 and a beta of 1.52.

Intermap Technologies Company Profile

Intermap Technologies Corp is a global location-based geospatial intelligence company. It offers end-to-end geospatial services to government and commercial markets with patented sensors and processing technology. Its solutions are used for a range of applications, including flood and wildfire insurance, aviation, telecom, renewables, and railway.