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Water Intelligence (LON:WATR) Stock Passes Below Two Hundred Day Moving Average - What's Next?

Water Intelligence logo with Industrials background

Key Points

  • Water Intelligence plc's share price has fallen below its 200-day moving average, dipping to GBX 300 ($4.05), significantly below the average of GBX 347.57 ($4.69).
  • Despite the drop, Canaccord Genuity Group has initiated coverage with a buy rating and a target price of GBX 500, reflecting analyst confidence in the stock.
  • The company's financial metrics indicate a market cap of £73.98 million and a PE ratio of 13.93, suggesting potential for growth despite current market fluctuations.
  • Need better tools to track Water Intelligence? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Water Intelligence plc (LON:WATR - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 347.57 ($4.70) and traded as low as GBX 300 ($4.06). Water Intelligence shares last traded at GBX 310 ($4.19), with a volume of 82,719 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group assumed coverage on shares of Water Intelligence in a report on Tuesday, August 12th. They set a "buy" rating and a GBX 500 target price on the stock. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of GBX 500.

Get Our Latest Research Report on Water Intelligence

Water Intelligence Stock Performance

The company has a debt-to-equity ratio of 32.90, a quick ratio of 2.17 and a current ratio of 1.38. The company's fifty day simple moving average is GBX 325.93 and its 200-day simple moving average is GBX 345.53. The company has a market capitalization of £72.94 million, a P/E ratio of 13.73, a PEG ratio of -1.23 and a beta of 0.47.

About Water Intelligence

(Get Free Report)

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.

Further Reading

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