Ecolab develops and offers services, technology and systems that specialise in water treatment, purification, cleaning and hygiene in a wide variety of applications.

Ecolab develops and offers services, technology and systems that specialise in water treatment, purification, cleaning and hygiene in a wide variety of applications. Which creates some security when assessing their stock price.

Ecolab's financials are relatively strong, total debts are placed at $9.19bn, with assets amounting to $21bn, showing a positive debt to assets ratio. And notably sales and revenue recorded in June 2022 came in at $3.58bn which is up 13.21% YTD. Alongside a positive EPS that beat expectations by 0.89% in Q2 2022 at 1.1 dollars per share. Ecolabs share price has also shared a wide 52 range between $143.82 - $238.93, there is some strong price variation.

YTD Ecolabs are down 27.2% . Resistance is placed at the $185 level and support is showing at the $145 level, however a recent rally through July has seen an 82% gain in share price showing serious movement and potential to the upside, MACD is -5.80 and RSI is very neutral showing the stock to be neither over bought or sold at 51.01 overall despite the large decline toward the start of 2022 there is strong potential for recovery looking at these stats.

Overall, the renowned water, hygiene and infection prevention solutions and services provider has a market capitalization of $48.77 billion. It projects 12.7% growth for the next five years and expects to maintain its strong performance. As their solid product line supports their stock price. In an addition to this members of the senate have also being buying their stock which could also indicate a strong future.