Innovotech (CVE:IOT) Shares Cross Above 50 Day Moving Average – Should You Sell?

Innovotech Inc. (CVE:IOT)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.25 and traded as high as C$0.27. Innovotech shares last traded at C$0.27, with a volume of 2,000 shares.

Innovotech Trading Down 7.4%

The firm’s 50 day simple moving average is C$0.25 and its two-hundred day simple moving average is C$0.24. The stock has a market capitalization of C$13.00 million, a P/E ratio of 45.59 and a beta of 2.39. The company has a quick ratio of 5.81, a current ratio of 2.63 and a debt-to-equity ratio of 12.55.

Innovotech Company Profile

Innovotech Inc provides assay kits used in growing microbial biofilms for research purposes in Canada, the United States, and internationally. The company offers InnovoSIL, a silver periodate antimicrobial compounds for medical applications; MBEC Assay kit, a petri dish for biofilms, which are used for research and medical device testing of microbial biofilms; and AgreGuard, an antimicrobial for crop protection. It also provides antimicrobial contract research and antimicrobial testing; antimicrobial and anti-biofilm agents; antimicrobial and anti-biofilm materials; BEST assay testing; implanted medical devices; bacteriophage testing; and analytical services.