Inovalis Real Estate Investment Trust (TSE:INO.UN) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Inovalis Real Estate Investment Trust (TSE:INO.UN)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.98 and traded as low as C$0.91. Inovalis Real Estate Investment Trust shares last traded at C$0.96, with a volume of 28,738 shares trading hands.

Inovalis Real Estate Investment Trust Stock Performance

The company has a market cap of C$31.29 million, a PE ratio of -0.46 and a beta of 1.78. The firm’s fifty day moving average is C$0.94 and its 200 day moving average is C$0.98. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 100.22.

Insider Buying and Selling

In related news, insider Inovalis S.A. purchased 127,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average price of C$0.88 per share, with a total value of C$111,760.00. In the last quarter, insiders purchased 216,000 shares of company stock valued at $192,294. 0.65% of the stock is owned by corporate insiders.

Inovalis Real Estate Investment Trust Company Profile

Inovalis Real Estate Investment Trust is a Canada based open-ended real estate investment trust. The REIT Properties consist of office properties that are used for the rental of office space leased to corporate clients in urban areas. Its properties portfolio includes office rental properties located in France and Germany.