H2O INNOVATION INC (HEOFF) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of H2O INNOVATION INC (NASDAQ:HEOFF) from a hold rating to a sell rating in a report released on Friday morning.

According to Zacks, “H2O Innovation Inc. designs and provides integrated water treatment solutions based on membrane filtration technology to municipal, energy and natural resources end-users. It designs water treatment systems for the production of drinking water and industrial process water, the reclamation and reuse of water, and the treatment of wastewater, while providing a complete line of specialty chemicals and consumables for membrane filtration and reverse osmosis systems. The Company’s products comprise pressure filters, ultrafiltration systems, NF and RO membranes, and mobile and pilot units; and wastewater treatment solutions comprising Bio-Wheel biological treatment systems, Bio-Brane membrane bioreactors, and BiH2Omobile mobile wastewater treatment systems. It has operations primarily in Canada, the United States, Tunisia, China, Egypt, the United Arab Emirates, Oman, Switzerland, Mexico, Israel, and other countries. H2O Innovation Inc. is headquartered in Quebec City, Canada. “

H2O INNOVATION INC (NASDAQ:HEOFF) traded down 2.7520% on Friday, reaching $1.2156. The company’s stock had a trading volume of 1,090 shares. H2O INNOVATION INC has a 12 month low of $0.91 and a 12 month high of $1.81. The company’s market cap is $48.80 million. The company has a 50-day moving average price of $1.06 and a 200 day moving average price of $1.15.

H2O INNOVATION INC (NASDAQ:HEOFF) last issued its quarterly earnings data on Tuesday, February 14th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $14.95 million for the quarter, compared to the consensus estimate of $15.23 million.

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