H2O Innovation (OTCMKTS:HEOFF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday, Zacks.com reports.

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. “

Separately, Roth Capital restated a “buy” rating on shares of H2O Innovation in a research report on Thursday, May 16th.

H2O Innovation stock opened at $0.80 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a market cap of $32.11 million, a P/E ratio of 80.00 and a beta of 0.51. H2O Innovation has a one year low of $0.54 and a one year high of $1.00.

H2O Innovation (OTCMKTS:HEOFF) last posted its earnings results on Wednesday, May 15th. The company reported $0.02 EPS for the quarter. The company had revenue of $24.31 million for the quarter. On average, equities research analysts forecast that H2O Innovation will post -0.01 EPS for the current fiscal year.

About H2O Innovation

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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