Invesque (TSE:IVQ) Shares Down 8.3% – What’s Next?

Invesque Inc. (TSE:IVQ)’s share price was down 8.3% during trading on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 212,639 shares changed hands during mid-day trading, an increase of 48% from the average daily volume of 143,654 shares. The stock had previously closed at C$0.12.

Invesque Stock Performance

The stock’s 50 day moving average is C$0.12 and its 200 day moving average is C$0.16. The stock has a market capitalization of C$6.46 million, a price-to-earnings ratio of -0.09 and a beta of 1.40. The company has a current ratio of 0.77, a quick ratio of 0.35 and a debt-to-equity ratio of 471.30.

Invesque (TSE:IVQ) last posted its quarterly earnings data on Thursday, November 7th. The company reported C($0.17) EPS for the quarter. The company had revenue of C$57.82 million for the quarter. Invesque had a negative return on equity of 36.28% and a negative net margin of 33.48%. On average, analysts predict that Invesque Inc. will post 0.63 earnings per share for the current year.

About Invesque

Invesque Inc operates as a health care real estate company in North America. The company's investment property portfolio includes investments in independent living, assisted living, memory care, skilled nursing, and transitional care properties. It also includes investments in owner occupied seniors housing properties, including the ownership of real estate properties, as well as provides management services.