H2O Innovation (CVE:HEO) Share Price Crosses Below 200 Day Moving Average of $2.38

Shares of H2O Innovation Inc. (CVE:HEO) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.38 and traded as low as C$2.33. H2O Innovation shares last traded at C$2.38, with a volume of 23,314 shares trading hands.

Wall Street Analyst Weigh In

HEO has been the topic of a number of recent research reports. Desjardins cut H2O Innovation from a “buy” rating to a “tender” rating and set a C$4.25 target price on the stock. in a research note on Wednesday, October 4th. Cormark boosted their price target on shares of H2O Innovation from C$4.00 to C$4.20 in a research report on Wednesday, October 4th. Canaccord Genuity Group cut shares of H2O Innovation from a “buy” rating to a “tender” rating and boosted their price target for the stock from C$3.25 to C$4.25 in a research report on Wednesday, October 4th. National Bankshares lifted their price target on H2O Innovation from C$3.25 to C$4.25 in a research note on Wednesday, October 4th. Finally, Acumen Capital cut H2O Innovation from a “buy” rating to a “tender” rating and lifted their price target for the stock from C$3.75 to C$4.25 in a research note on Wednesday, October 4th.

H2O Innovation Trading Up 2.1 %

The company has a market cap of C$214.22 million and a PE ratio of 68.00. The company has a 50 day simple moving average of C$2.38 and a two-hundred day simple moving average of C$2.38. The company has a debt-to-equity ratio of 49.03, a quick ratio of 1.51 and a current ratio of 2.11.

H2O Innovation Company Profile

H2O Innovation Inc designs and provides integrated water treatment solutions based on membrane filtration technology. The company operates through three segments: Water Technologies and Services, Specialty Products, and Operation and Maintenance Services. It offers membrane filtration technology for municipal, industrial, energy, and natural resources end-users; and aftersales services, as well as digital solutions to monitor and optimize water treatment plants.