H2O Innovation (CVE:HEO) Share Price Passes Above 50-Day Moving Average of $0.99

H2O Innovation Inc (CVE:HEO)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.99 and traded as high as $1.10. H2O Innovation shares last traded at $1.04, with a volume of 288,209 shares.

Separately, Canaccord Genuity decreased their target price on shares of H2O Innovation from C$1.60 to C$1.50 in a research note on Thursday.

The business’s 50 day simple moving average is C$0.99 and its 200-day simple moving average is C$1.10. The company has a market cap of $78.41 million and a price-to-earnings ratio of -19.27. The company has a debt-to-equity ratio of 46.55, a quick ratio of 1.13 and a current ratio of 1.39.

H2O Innovation (CVE:HEO) last issued its earnings results on Wednesday, November 13th. The company reported C($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C($0.02). The company had revenue of C$28.22 million for the quarter, compared to analyst estimates of C$30.15 million. Research analysts expect that H2O Innovation Inc will post 0.05 earnings per share for the current year.

H2O Innovation Company Profile (CVE:HEO)

H2O Innovation Inc provides integrated water treatment solutions based on membrane filtration technology in Canada, the United States, Spain, China, the United Arab Emirates, Mexico, France, Egypt, and internationally. It designs, manufactures, and markets systems and equipment for the production of drinking water and industrial process water, reclamation and reuse of water, and desalination of seawater and treatment of wastewater.

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