H2O Innovation (CVE:HEO) Stock Price Crosses Above Two Hundred Day Moving Average of $0.00

H2O Innovation Inc (CVE:HEO) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $1.11. H2O Innovation shares last traded at $1.10, with a volume of 10,000 shares trading hands.

Separately, Canaccord Genuity set a C$1.60 price objective on shares of H2O Innovation and gave the company a “buy” rating in a research report on Thursday, June 6th.

The stock has a market cap of $67.63 million and a price-to-earnings ratio of -25.00. The company has a debt-to-equity ratio of 32.46, a current ratio of 1.41 and a quick ratio of 0.89. The business’s 50-day moving average is C$1.09.

H2O Innovation (CVE:HEO) last posted its earnings results on Wednesday, May 15th. The company reported C$0.02 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.01 by C$0.01. The company had revenue of C$32.33 million for the quarter, compared to the consensus estimate of C$32.93 million. On average, equities research analysts anticipate that H2O Innovation Inc will post 0.07 EPS for the current year.

About H2O Innovation (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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