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Water Intelligence (LON:WATR) Share Price Crosses Below 200-Day Moving Average - Should You Sell?

Water Intelligence logo with Industrials background

Key Points

  • Water Intelligence plc's shares fell below their 200-day moving average of GBX 335.18, trading as low as GBX 302 during recent activity.
  • Analysts from Canaccord Genuity Group initiated coverage with a buy rating and a price target of GBX 500, contributing to the average rating of "Buy" for the stock.
  • The company's current market capitalization is £52.03 million, with a high PE ratio of 1,148.29, indicating potential valuation concerns.
  • MarketBeat previews the top five stocks to own by October 1st.

Water Intelligence plc (LON:WATR - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 335.18 ($4.52) and traded as low as GBX 302 ($4.07). Water Intelligence shares last traded at GBX 310 ($4.18), with a volume of 23,484 shares trading hands.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on WATR

Water Intelligence Price Performance

The stock has a market cap of £51.00 million, a PE ratio of 1,125.48, a price-to-earnings-growth ratio of -1.23 and a beta of 0.47. The stock's fifty day moving average is GBX 309.44 and its 200-day moving average is GBX 333.52. The company has a debt-to-equity ratio of 32.90, a current ratio of 1.38 and a quick ratio of 2.17.

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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