H2O Innovation (CVE:HEO) Shares Cross Below 200 Day Moving Average of $2.38

H2O Innovation Inc. (CVE:HEOGet Rating) passed below its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HEO shares. National Bankshares decreased their price target on H2O Innovation from C$3.25 to C$3.00 and set an “outperform” rating on the stock in a research report on Thursday, November 3rd. Raymond James decreased their target price on H2O Innovation from C$3.75 to C$3.50 and set an “outperform” rating on the stock in a research report on Monday, November 14th.

H2O Innovation Stock Performance

The company has a debt-to-equity ratio of 49.03, a current ratio of 2.11 and a quick ratio of 1.51. The stock has a 50-day simple moving average of C$2.38 and a 200-day simple moving average of C$2.38. The stock has a market cap of C$214.22 million and a P/E ratio of 68.00.

About H2O Innovation

(Get Rating)

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.

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