Intermap Technologies (TSE:IMP) Shares Pass Below 50-Day Moving Average – Should You Sell?

Intermap Technologies Co. (TSE:IMP)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$2.40 and traded as low as C$1.80. Intermap Technologies shares last traded at C$1.86, with a volume of 80,192 shares traded.

Wall Street Analyst Weigh In

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

Intermap Technologies Trading Up 3.9%

The company has a debt-to-equity ratio of 550.00, a quick ratio of 0.20 and a current ratio of 0.52. The business’s 50 day moving average price is C$2.40 and its 200-day moving average price is C$2.74. The firm has a market cap of C$132.42 million, a price-to-earnings ratio of -62.00 and a beta of 1.52.

Intermap Technologies (TSE:IMP) last announced its quarterly earnings data on Thursday, November 13th. The company reported C($0.02) earnings per share for the quarter. Intermap Technologies had a negative net margin of 1.14% and a positive return on equity of 4.87%. 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.