Intouch Insight (CVE:INX) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Intouch Insight Ltd. (CVE:INX) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.35 and traded as low as C$0.33. Intouch Insight shares last traded at C$0.33, with a volume of 54,000 shares trading hands.

Intouch Insight Stock Performance

The stock has a 50 day moving average of C$0.35 and a 200 day moving average of C$0.40. The company has a market capitalization of C$8.46 million, a price-to-earnings ratio of -11.00 and a beta of 0.77. The company has a quick ratio of 1.82, a current ratio of 1.70 and a debt-to-equity ratio of 43.52.

Insider Activity

In other news, Director Eric Marshall Beutel purchased 175,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were purchased at an average price of C$0.33 per share, for a total transaction of C$57,750.00. Following the transaction, the director owned 1,426,500 shares of the company’s stock, valued at approximately C$470,745. This trade represents a 13.98% increase in their ownership of the stock. Company insiders own 28.18% of the company’s stock.

Intouch Insight Company Profile

Intouch Insight Ltd. provides customer experience management products and software solutions in Canada, the United States, and internationally. The company’s solutions and services allow its clients to measure, monitor, and improve the delivery of their brand across multiple locations and/or large geographical areas, including mystery shopping, audits, merchandising, sampling, customer capture, and store re-branding; and Software as a Service products comprising forms and checklist automation, customer satisfaction surveys, and data aggregation, analysis, and reporting.