Inventronics (CVE:IVX) Stock Price Down 6.3% – Here’s What Happened

Inventronics Limited (CVE:IVX) dropped 6.3% during mid-day trading on Thursday . The stock traded as low as C$0.75 and last traded at C$0.75. Approximately 500 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 7,401 shares. The stock had previously closed at C$0.80.

Inventronics Stock Performance

The firm’s fifty day moving average price is C$0.80 and its 200-day moving average price is C$0.75. The company has a market cap of C$3.65 million, a P/E ratio of 19.23 and a beta of -0.06. The company has a current ratio of 2.94, a quick ratio of 1.06 and a debt-to-equity ratio of 91.63.

Inventronics Company Profile

Inventronics Limited designs, manufactures, and sells protective enclosures and related products for the telecommunications, cable, electric transmission, oil and gas, and other industries in North America. The company offers CP Pedestal series for CATV distribution equipment; IVT BOBCAT co-locate cabinet series for broadband node locations supporting remote deployment of network electronics, including power supply, batteries, and RF components; SG pedestals for utility and communication industries; and MDU enclosure series for cable and telecom companies.