Inovalis Real Estate Investment Trust (TSE:INO.UN) Shares Pass Below Two Hundred Day Moving Average of $3.54

Inovalis Real Estate Investment Trust (TSE:INO.UN)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.54 and traded as low as C$3.24. Inovalis Real Estate Investment Trust shares last traded at C$3.31, with a volume of 17,717 shares traded.

Analyst Ratings Changes

Separately, National Bankshares cut their target price on Inovalis Real Estate Investment Trust from C$3.75 to C$3.50 in a research note on Tuesday, July 18th.

Inovalis Real Estate Investment Trust Trading Up 0.9 %

The business’s 50-day simple moving average is C$3.49 and its 200-day simple moving average is C$3.54. The company has a current ratio of 1.10, a quick ratio of 0.32 and a debt-to-equity ratio of 78.91. The company has a market cap of C$108.50 million, a PE ratio of -5.02 and a beta of 1.55.

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.