H2O Innovation (CVE:HEO) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

H2O Innovation Inc. (CVE:HEO)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

H2O Innovation Price Performance

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

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.