Modern Water plc (MWG.L) (LON:MWG) Stock Passes Above 200 Day Moving Average – Here’s Why

Modern Water plc (MWG.L) (LON:MWG) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2.45 ($0.03) and traded as high as GBX 2.59 ($0.03). Modern Water plc (MWG.L) shares last traded at GBX 2.45 ($0.03), with a volume of 229,878 shares changing hands.

Modern Water plc (MWG.L) Price Performance

The business has a 50 day moving average price of GBX 2.45 and a 200-day moving average price of GBX 2.45. The company has a market capitalization of £13.64 million and a price-to-earnings ratio of -2.04. The company has a debt-to-equity ratio of 22.76, a quick ratio of 0.92 and a current ratio of 1.38.

About Modern Water plc (MWG.L)

Modern Water plc owns, develops, and supplies technologies, products, and services to address the availability of fresh water, and for the treatment and disposal of wastewater in the Americas, Europe, the Middle East, and the Asia Pacific. The company operates in two segments, Membranes and Monitoring.