Invesque (TSE:IVQ) Trading Down 8.3% – Here’s Why

Invesque Inc. (TSE:IVQ) fell 8.3% on Wednesday . The company traded as low as C$0.11 and last traded at C$0.11. 212,639 shares were traded during mid-day trading, an increase of 48% from the average session volume of 143,654 shares. The stock had previously closed at C$0.12.

Invesque Stock Performance

The firm’s 50 day simple moving average is C$0.12 and its two-hundred day simple moving average is C$0.16. The company has a quick ratio of 0.35, a current ratio of 0.77 and a debt-to-equity ratio of 471.30. The stock has a market cap of C$6.46 million, a P/E ratio of -0.09 and a beta of 1.40.

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