Water Intelligence (LON:WATR) Share Price Passes Below Two Hundred Day Moving Average - Here's Why

Key Points

• Water Intelligence plc stock has fallen below its 200-day moving average, trading at GBX 312.90 ($4.20) after dipping to a low of GBX 300 ($4.03).
• The company has a market capitalization of £73.43 million and a debt-to-equity ratio of 32.90, indicating a significant amount of leverage.
• Water Intelligence provides leak detection and remediation services across various countries including the US, UK, Australia, and Canada.

Water Intelligence plc (LON:WATR - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 350.88 ($4.76) and traded as low as GBX 300 ($4.07). Water Intelligence shares last traded at GBX 312.90 ($4.24), with a volume of 5,953 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group began coverage on Water Intelligence in a research note on Tuesday. They set a "buy" rating and a GBX 500 ($6.78) target price on the stock.

Water Intelligence Stock Performance

The firm has a market cap of £75.88 million, a P/E ratio of 14.29, a PEG ratio of -1.23 and a beta of 0.47. The company has a 50 day moving average of GBX 332.85 and a 200 day moving average of GBX 349.16. The company has a debt-to-equity ratio of 32.90, a quick ratio of 2.17 and a current ratio of 1.38.

Water Intelligence Company Profile

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.