Inovalis Real Estate Investment Trust (TSE:INO.UN) Stock Price Passes Below 200 Day Moving Average – Here’s Why

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$0.92 and traded as low as C$0.84. Inovalis Real Estate Investment Trust shares last traded at C$0.86, with a volume of 11,750 shares changing hands.

Analysts Set New Price Targets

Separately, Desjardins increased their price objective on Inovalis Real Estate Investment Trust from C$0.85 to C$1.00 and gave the company a “hold” rating in a report on Thursday, April 3rd.

Inovalis Real Estate Investment Trust Stock Performance

The business has a 50-day moving average price of C$0.90 and a 200 day moving average price of C$0.92. 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 stock has a market capitalization of C$26.40 million, a P/E ratio of -0.39 and a beta of 1.78.

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.