H2O Innovation (OTCMKTS:HEOFF) Share Price Passes Above 50 Day Moving Average of $2.59

Shares of H2O Innovation Inc. (OTCMKTS:HEOFF) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.59 and traded as high as $3.08. H2O Innovation shares last traded at $3.07, with a volume of 8,903 shares.

Wall Street Analyst Weigh In

A number of analysts recently commented on HEOFF shares. National Bank Financial cut H2O Innovation to an “outperform” rating in a research report on Wednesday, October 4th. Desjardins lowered shares of H2O Innovation to a “buy” rating in a research report on Wednesday, October 4th. Finally, Pi Financial cut H2O Innovation to a “buy” rating in a report on Wednesday, October 4th.

H2O Innovation Price Performance

The company has a quick ratio of 1.53, a current ratio of 2.00 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average price is $2.64 and its 200 day moving average price is $2.35. The stock has a market cap of $276.33 million, a PE ratio of -306.00 and a beta of 0.49.

About H2O Innovation

H2O Innovation Inc designs and provides integrated water treatment solutions based on membrane filtration technology. It operates through three segments: Water Technologies and Services, Specialty Products, and Operation and Maintenance Services. The company 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.