Intermap Technologies (TSE:IMP) Stock Passes Below 200-Day Moving Average – Time to Sell?

Intermap Technologies Co. (TSE:IMP)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.72 and traded as low as C$2.36. Intermap Technologies shares last traded at C$2.40, with a volume of 56,872 shares traded.

Wall Street Analysts Forecast Growth

Separately, Atrium Research raised shares of Intermap Technologies to a “strong-buy” rating in a research report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Intermap Technologies Stock Down 3.2%

The business’s fifty day moving average price is C$2.96 and its 200 day moving average price is C$2.72. The firm has a market capitalization of C$170.39 million, a price-to-earnings ratio of 120.00 and a beta of 1.64. The company has a current ratio of 0.52, a quick ratio of 0.20 and a debt-to-equity ratio of 550.00.

About Intermap Technologies

Intermap Technologies Corp is a global location-based geospatial intelligence company. It offers end-to-end geospatial services to government and commercial markets with patented sensors and processing technology. Its solutions are used for a range of applications, including flood and wildfire insurance, aviation, telecom, renewables, and railway.