H2O Innovation (CVE:HEO) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

H2O Innovation Inc. (CVE:HEO) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.38 and traded as low as C$2.33. H2O Innovation shares last traded at C$2.38, with a volume of 23,314 shares traded.

H2O Innovation Price Performance

The company has a 50-day moving average of C$2.38 and a 200 day moving average of C$2.38. The company has a debt-to-equity ratio of 49.03, a quick ratio of 1.51 and a current ratio of 2.11. The firm has a market cap of C$214.22 million and a P/E ratio of 68.00.

About H2O Innovation

H2O Innovation Inc designs and provides integrated water treatment solutions based on membrane filtration technology. The company operates through three segments: Water Technologies and Services, Specialty Products, and Operation and Maintenance Services. It 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. The company's products include the FiberFlex open-source technologies for water treatment systems; and the flexMBR for wastewater treatment systems.