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

Inovalis Real Estate Investment Trust (TSE:INO.UN) crossed 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 changing hands.

Inovalis Real Estate Investment Trust Trading Up 1.0 %

The stock has a market capitalization of C$32.59 million, a price-to-earnings ratio of -0.48 and a beta of 1.78. The company has a debt-to-equity ratio of 100.22, a quick ratio of 0.32 and a current ratio of 0.55. The business has a 50-day moving average of C$0.91 and a 200-day moving average of C$1.01.

Insider Activity at Inovalis Real Estate Investment Trust

In related news, insider Inovalis S.A. acquired 127,000 shares of Inovalis Real Estate Investment Trust stock in a transaction 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 bought a total of 204,000 shares of company stock valued at $180,219 in the last three months. 0.65% of the stock is currently owned by company 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.