Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) Shares Down 14.2%

Shares of Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINNGet Rating) fell 14.2% on Friday . The stock traded as low as $1.45 and last traded at $1.45. 114,389 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 1,416,624 shares. The stock had previously closed at $1.69.

Inspira Technologies Oxy B.H.N. Trading Down 14.2 %

The company has a quick ratio of 10.17, a current ratio of 10.16 and a debt-to-equity ratio of 0.06. The firm’s fifty day moving average price is $1.87 and its 200-day moving average price is $1.97.

Hedge Funds Weigh In On Inspira Technologies Oxy B.H.N.

An institutional investor recently bought a new position in Inspira Technologies Oxy B.H.N. stock. Renaissance Technologies LLC purchased a new stake in shares of Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINNGet Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 31,200 shares of the company’s stock, valued at approximately $41,000. Renaissance Technologies LLC owned 0.40% of Inspira Technologies Oxy B.H.N. at the end of the most recent reporting period. 1.47% of the stock is currently owned by hedge funds and other institutional investors.

About Inspira Technologies Oxy B.H.N.

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Inspira Technologies Oxy B.H.N. Ltd., a specialty medical device company, engages in the research, development, manufacture, and marketing of respiratory support technology to provide an alternative to invasive mechanical ventilation (MV) for the treatment of respiratory failure. Its lead product is the augmented respiration technology system (ART), a respiratory support system comprising minimally invasive, portable dual lumen cannula, which is inserted into the jugular vein and utilizes extra-corporeal direct blood oxygenation to elevate and stabilize declining oxygen saturation levels.

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