Inovalis Real Estate Investment Trust (TSE:INO.UN) Reaches New 52-Week Low – Here’s What Happened

Shares of Inovalis Real Estate Investment Trust (TSE:INO.UN) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.75 and last traded at C$0.76, with a volume of 34496 shares traded. The stock had previously closed at C$0.80.

Analyst Ratings Changes

Separately, Desjardins upped their price target on shares of Inovalis Real Estate Investment Trust from C$0.85 to C$1.00 and gave the company a “hold” rating in a research note on Thursday, April 3rd.

Inovalis Real Estate Investment Trust Stock Performance

The company has a market cap of C$26.07 million, a price-to-earnings ratio of -0.38 and a beta of 1.78. 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 company has a fifty day moving average of C$0.91 and a two-hundred day moving average of C$0.93.

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.