Innovotech (CVE:IOT) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Innovotech Inc. (CVE:IOT) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.17 and traded as low as C$0.12. Innovotech shares last traded at C$0.12, with a volume of 21,500 shares.

Innovotech Trading Down 4.2%

The company’s 50 day moving average price is C$0.17 and its 200 day moving average price is C$0.22. The company has a market cap of C$6.26 million, a price-to-earnings ratio of -16.89 and a beta of 2.86. The company has a debt-to-equity ratio of 12.55, a quick ratio of 5.81 and a current ratio of 2.63.

About Innovotech

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.