H2O Innovation (CVE:HEO) Stock Passes Above 50 Day Moving Average of $1.16

H2O Innovation Inc (CVE:HEO) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.16 and traded as high as $1.20. H2O Innovation shares last traded at $1.20, with a volume of 5,900 shares.

Separately, Canaccord Genuity set a C$1.60 price target on H2O Innovation and gave the stock a “buy” rating in a report on Thursday, June 6th.

The stock has a fifty day moving average price of C$1.16. The company has a current ratio of 1.41, a quick ratio of 0.89 and a debt-to-equity ratio of 32.46. The company has a market cap of $64.27 million and a P/E ratio of -26.14.

H2O Innovation (CVE:HEO) last issued its quarterly earnings results on Wednesday, May 15th. The company reported C$0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.01 by C$0.01. The company had revenue of C$32.33 million for the quarter, compared to analysts’ expectations of C$32.93 million. Analysts anticipate that H2O Innovation Inc will post 0.06 EPS for the current fiscal 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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