Inovalis Real Estate Investment Trust (TSE:INO.UN) Shares Pass Above Fifty Day Moving Average – Here’s Why

Inovalis Real Estate Investment Trust (TSE:INO.UN) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.89 and traded as high as C$0.97. Inovalis Real Estate Investment Trust shares last traded at C$0.95, with a volume of 36,357 shares traded.

Inovalis Real Estate Investment Trust Trading Down 3.2 %

The business has a fifty day moving average price of C$0.89 and a 200 day moving average price of C$1.02. The company has a market capitalization of C$29.66 million, a price-to-earnings ratio of -0.44 and a beta of 1.78. The company has a debt-to-equity ratio of 100.22, a current ratio of 0.55 and a quick ratio of 0.32.

Insider Buying and Selling at Inovalis Real Estate Investment Trust

In other Inovalis Real Estate Investment Trust news, insider Inovalis S.A. purchased 127,000 shares of the business’s stock in a transaction 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. Insiders bought a total of 160,500 shares of company stock valued at $140,408 in the last quarter. Corporate insiders own 0.65% of the company’s stock.

Inovalis Real Estate Investment Trust Company Profile

Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France and Germany but also opportunistically in other European countries where assets meet the REIT's investment criteria.