H2O Innovation Inc. (CVE:HEO) Senior Officer Marc Blanchet Buys 6,500 Shares

kopsource ·  Dec 15, 2022 07:21

H2O Innovation Inc. (CVE:HEO – Get Rating) Senior Officer Marc Blanchet acquired 6,500 shares of the business's stock in a transaction dated Monday, December 12th. The shares were acquired at an average cost of C$2.25 per share, with a total value of C$14,625.00. Following the transaction, the insider now owns 441,228 shares in the company, valued at C$992,763.

H2O Innovation Trading Up 2.1 %

CVE HEO opened at C$2.38 on Thursday. The company has a fifty day simple moving average of C$2.38 and a two-hundred day simple moving average of C$2.38. The stock has a market cap of C$214.22 million and a P/E ratio of 68.00. H2O Innovation Inc. has a 12-month low of C$2.05 and a 12-month high of C$2.94. The company has a current ratio of 2.11, a quick ratio of 1.51 and a debt-to-equity ratio of 49.03.

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Analysts Set New Price Targets

Several research analysts recently weighed in on HEO shares. National Bankshares dropped their target price on shares of H2O Innovation from C$3.25 to C$3.00 and set an "outperform" rating for the company in a report on Thursday, November 3rd. Raymond James decreased their target price on shares of H2O Innovation from C$3.75 to C$3.50 and set an "outperform" rating on the stock in a research report on Monday, November 14th.

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.

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