Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) Trading Down 1% – What’s Next?

Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN)’s stock price dropped 1% during mid-day trading on Thursday . The company traded as low as $0.95 and last traded at $1.00. Approximately 112,333 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 90,267 shares. The stock had previously closed at $1.01.

Inspira Technologies Oxy B.H.N. Trading Down 1.0 %

The company has a current ratio of 2.23, a quick ratio of 2.13 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $1.20 and a 200 day moving average price of $1.21.

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

A hedge fund recently bought a new position in Inspira Technologies Oxy B.H.N. stock. Renaissance Technologies LLC bought a new position in shares of Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,497 shares of the company’s stock, valued at approximately $34,000. Renaissance Technologies LLC owned about 0.19% of Inspira Technologies Oxy B.H.N. at the end of the most recent quarter. 12.72% of the stock is owned by institutional investors.

Inspira Technologies Oxy B.H.N. Company Profile

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 for the treatment of acute respiratory failure. Its lead product is the augmented respiration technology system, 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.