Intermap Technologies (TSE:IMP) Stock Crosses Below 200-Day Moving Average – Here’s Why

Intermap Technologies Co. (TSE:IMP) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.70 and traded as low as C$1.66. Intermap Technologies shares last traded at C$1.72, with a volume of 135,679 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Atrium Research upgraded Intermap Technologies to a “strong-buy” rating in a research report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Intermap Technologies Stock Up 4.2%

The company has a current ratio of 0.52, a quick ratio of 0.20 and a debt-to-equity ratio of 550.00. The stock has a 50 day simple moving average of C$2.21 and a 200 day simple moving average of C$2.70. The firm has a market capitalization of C$122.46 million, a PE ratio of -57.33 and a beta of 1.52.

Intermap Technologies (TSE:IMP) last issued its earnings results on Thursday, November 13th. The company reported C($0.02) earnings per share (EPS) for the quarter. Intermap Technologies had a positive return on equity of 4.87% and a negative net margin of 1.14%.The firm had revenue of C$2.39 million during the quarter.

Intermap Technologies Company Profile

Intermap Technologies Corp is a global location-based geospatial intelligence company. It offers end-to-end geospatial services to government and commercial markets with patented sensors and processing technology. Its solutions are used for a range of applications, including flood and wildfire insurance, aviation, telecom, renewables, and railway.