H2O Innovation (OTCMKTS:HEOFF) Stock Passes Above Fifty Day Moving Average of $3.12

H2O Innovation Inc. (OTCMKTS:HEOFFGet Free Report)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $3.12 and traded as high as $3.13. H2O Innovation shares last traded at $3.12, with a volume of 900 shares trading hands.

Analysts Set New Price Targets

HEOFF has been the subject of several research analyst reports. National Bank Financial downgraded H2O Innovation to an “outperform” rating in a research note on Wednesday, October 4th. Pi Financial downgraded H2O Innovation to a “buy” rating in a report on Wednesday, October 4th. Finally, Desjardins cut shares of H2O Innovation to a “buy” rating in a report on Wednesday, October 4th.

Read Our Latest Research Report on HEOFF

H2O Innovation Trading Down 0.2 %

The firm has a market capitalization of $280.83 million, a PE ratio of -312.01 and a beta of 0.47. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.10 and a quick ratio of 1.50. The company has a fifty day moving average of $3.12 and a 200-day moving average of $2.70.

H2O Innovation (OTCMKTS:HEOFFGet Free Report) last posted its quarterly earnings results on Tuesday, November 14th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $44.22 million during the quarter. H2O Innovation had a positive return on equity of 5.82% and a negative net margin of 0.68%.

H2O Innovation Company Profile

(Get Free Report)

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.

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