H2O Innovation (CVE:HEO) Stock Breaks Below Two Hundred Day Moving Average – Here’s What Happened

H2O Innovation Inc. (CVE:HEO – Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday. 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 trading hands.

H2O Innovation Stock Up 2.1%

The business’s 50 day moving average price is C$2.38 and its 200-day moving average price is C$2.38. The company has a debt-to-equity ratio of 49.02, a quick ratio of 1.51 and a current ratio of 2.11. The firm has a market capitalization of C$214.22 million and a PE ratio of 68.00.

About H2O Innovation

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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.

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