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) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Inovalis Real Estate Investment Trust Stock Performance

The company has a debt-to-equity ratio of 100.22, a quick ratio of 0.32 and a current ratio of 0.55. The firm’s 50 day simple moving average is C$0.94 and its 200-day simple moving average is C$0.98. The company has a market cap of C$31.29 million, a price-to-earnings ratio of -0.46 and a beta of 1.78.

Insider Activity

In other news, insider Inovalis S.A. purchased 127,000 shares of the stock in a transaction dated Friday, December 20th. The shares were purchased at an average price of C$0.88 per share, with a total value of C$111,760.00. In the last quarter, insiders have bought 216,000 shares of company stock valued at $192,294. 0.65% of the stock is currently owned by insiders.

About Inovalis Real Estate Investment Trust

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.