Inovalis Real Estate Investment Trust (TSE:INO.UN) Stock Passes Below 200-Day Moving Average – Should You Sell?

Inovalis Real Estate Investment Trust (TSE:INO.UN) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.86 and traded as low as C$0.73. Inovalis Real Estate Investment Trust shares last traded at C$0.74, with a volume of 7,557 shares changing hands.

Analysts Set New Price Targets

Separately, Desjardins lowered their price objective on Inovalis Real Estate Investment Trust from C$1.10 to C$0.85 and set a “hold” rating on the stock in a research report on Monday, August 25th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Inovalis Real Estate Investment Trust currently has an average rating of “Hold” and a consensus target price of C$0.85.

Inovalis Real Estate Investment Trust Trading Up 2.6%

The company has a debt-to-equity ratio of 100.22, a current ratio of 0.55 and a quick ratio of 0.32. The company has a market capitalization of C$26.23 million, a price-to-earnings ratio of -0.59 and a beta of 0.81. The business’s 50-day moving average price is C$0.80 and its two-hundred day moving average price is C$0.86.

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.