H2O INNOVATION (HEOFF) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of H2O INNOVATION (OTCMKTS:HEOFF) from a sell rating to a hold rating in a report published on Wednesday.

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. “

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Separately, Roth Capital restated a buy rating on shares of H2O INNOVATION in a research note on Tuesday, February 13th.

Shares of H2O INNOVATION (OTCMKTS:HEOFF) opened at $0.97 on Wednesday. H2O INNOVATION has a 12 month low of $0.86 and a 12 month high of $1.33. The company has a market cap of $38.14, a P/E ratio of -9.70 and a beta of 0.27. The company has a quick ratio of 1.06, a current ratio of 1.29 and a debt-to-equity ratio of 0.22.

H2O INNOVATION (OTCMKTS:HEOFF) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). H2O INNOVATION had a negative net margin of 5.86% and a negative return on equity of 7.08%. The firm had revenue of $20.33 million during the quarter, compared to analyst estimates of $19.11 million. equities research analysts forecast that H2O INNOVATION will post -0.03 EPS for the current fiscal year.

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H2O Innovation Inc provides integrated water treatment solutions based on membrane filtration technology in Canada, the United States, Spain, China, the United Arab Emirates, Mexico, France, Egypt, and internationally. It designs, manufactures, and markets systems and equipment for the production of drinking water and industrial process water, reclamation and reuse of water, and desalination of seawater and treatment of wastewater.

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