Inovalis Real Estate Investment Trust (TSE:INO.UN) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Inovalis Real Estate Investment Trust (TSE:INO.UN)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.97 and traded as low as C$0.86. Inovalis Real Estate Investment Trust shares last traded at C$0.90, with a volume of 45,000 shares traded.

Inovalis Real Estate Investment Trust Price Performance

The stock’s 50 day moving average is C$0.93 and its two-hundred day moving average is C$0.97. 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 stock has a market capitalization of C$29.33 million, a PE ratio of -0.43 and a beta of 1.78.

Insider Activity

In other Inovalis Real Estate Investment Trust news, insider Inovalis S.A. bought 127,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average price of C$0.88 per share, for a total transaction of C$111,760.00. In the last three months, insiders have bought 199,500 shares of company stock worth $178,594. 0.65% of the stock is currently owned by corporate insiders.

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.