Inovalis Real Estate Investment Trust (TSE:INO.UN) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Inovalis Real Estate Investment Trust (TSE:INO.UN) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.01 and traded as low as C$0.95. Inovalis Real Estate Investment Trust shares last traded at C$1.00, with a volume of 30,200 shares trading hands.

Inovalis Real Estate Investment Trust Price Performance

The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 100.22. The stock has a market cap of C$32.59 million, a PE ratio of -0.48 and a beta of 1.78. The company has a fifty day moving average of C$0.91 and a 200-day moving average of C$1.01.

Insider Buying and Selling

In related news, insider Inovalis S.A. bought 127,000 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average cost of C$0.88 per share, with a total value of C$111,760.00. Insiders purchased 204,000 shares of company stock valued at $180,219 in the last three months. 0.65% of the stock is 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.