H2O Innovation (CVE:HEO) Stock Passes Below 200 Day Moving Average – Here’s Why

H2O Innovation Inc. (CVE:HEO) passed below its 200-day moving average during trading on Monday . 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 current ratio of 2.11, a quick ratio of 1.51 and a debt-to-equity ratio of 49.03. The company has a fifty day moving average price of C$2.38 and a two-hundred day moving average price of C$2.38. The firm has a market cap of C$214.22 million and a P/E ratio of 68.00.

H2O Innovation Company Profile

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.