H2O INNOVATION (HEOFF) Announces Earnings Results

H2O INNOVATION (OTCMKTS:HEOFF) issued its earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.02), Morningstar.com reports. H2O INNOVATION had a negative net margin of 5.98% and a negative return on equity of 7.11%.

H2O INNOVATION (OTCMKTS:HEOFF) traded up $0.03 on Wednesday, hitting $1.02. The stock had a trading volume of 650 shares, compared to its average volume of 2,672. The company has a market capitalization of $38.61, a PE ratio of -11.00 and a beta of 0.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.06 and a current ratio of 1.29. H2O INNOVATION has a 52 week low of $0.86 and a 52 week high of $1.37.

A number of brokerages have commented on HEOFF. Roth Capital restated a “buy” rating on shares of H2O INNOVATION in a research note on Tuesday. Zacks Investment Research upgraded H2O INNOVATION from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th.

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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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