Intermap Technologies (TSE:IMP) Trading Down 12.9% - What's Next?

Key Points

• Intermap Technologies' stock dropped 12.9% on Tuesday, trading as low as C$3.03 before closing at C$3.04, with trading volume increasing by 369% from the average.
• Stifel Canada has upgraded the company's stock to a "strong-buy" rating, contributing to an overall average rating of "Strong Buy" from analysts.
• Intermap Technologies has a market cap of C$183.63 million and a notably high debt-to-equity ratio of 550.00, indicating potential financial instability.

Intermap Technologies Co. (TSE:IMP - Get Free Report) fell 12.9% during trading on Tuesday . The stock traded as low as C$3.03 and last traded at C$3.04. 369,333 shares were traded during trading, an increase of 369% from the average session volume of 78,671 shares. The stock had previously closed at C$3.49.

Analysts Set New Price Targets

Separately, Stifel Canada upgraded shares of Intermap Technologies to a "strong-buy" rating in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Strong Buy".

Intermap Technologies Stock Performance

The company has a market cap of C$183.63 million, a PE ratio of 152.50 and a beta of 1.27. The company has a current ratio of 0.52, a quick ratio of 0.20 and a debt-to-equity ratio of 550.00. The firm's 50-day simple moving average is C$3.16 and its two-hundred day simple moving average is C$2.45.

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.

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