BQE Water (CVE:BQE) Stock Price Down 7%

BQE Water Inc. (CVE:BQE) traded down 7% during mid-day trading on Friday . The company traded as low as C$56.55 and last traded at C$56.55. 336 shares traded hands during trading, a decline of 76% from the average session volume of 1,394 shares. The stock had previously closed at C$60.81.

BQE Water Stock Down 7.0 %

The company has a debt-to-equity ratio of 12.98, a quick ratio of 3.70 and a current ratio of 5.83. The firm’s 50-day moving average price is C$58.23 and its two-hundred day moving average price is C$49.05. The firm has a market cap of C$71.25 million, a PE ratio of 27.19 and a beta of 0.65.

BQE Water (CVE:BQE) last released its quarterly earnings data on Wednesday, May 29th. The company reported C($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.27 by C($0.65). BQE Water had a net margin of 14.63% and a return on equity of 19.36%. The company had revenue of C$2.51 million during the quarter, compared to analyst estimates of C$2.90 million.

Insiders Place Their Bets

In related news, Senior Officer Songlin Ye sold 800 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of C$60.80, for a total transaction of C$48,640.00. Following the completion of the sale, the insider now owns 498 shares in the company, valued at approximately C$30,278.40. Insiders have sold a total of 2,750 shares of company stock valued at $173,461 over the last quarter. Company insiders own 53.41% of the company’s stock.

About BQE Water

BQE Water Inc, a water treatment company, provides wastewater management and treatment solutions to the mining and metallurgical industry in Canada, the United States, Latin America, China, and internationally. It offers water treatment solutions for mine drainage, run-off, waste rock seepage, tailings water, groundwater, and lime plant influent and/or effluent streams for treating metals, sulphate, selenium, nitrate, ammonia, and cyanide in the mining sector; smelting and refining services for treating metals and sulphate; and hydrometallurgy services for the treatment of metals, cyanide, and acids.