Inspire Veterinary Partners (NASDAQ:IVP) Trading Down 0% – Here’s Why

Inspire Veterinary Partners, Inc. (NASDAQ:IVP)’s share price dropped 0% during trading on Monday . The stock traded as low as $0.88 and last traded at $0.94. Approximately 149,794 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 2,915,352 shares. The stock had previously closed at $0.94.

Inspire Veterinary Partners Stock Down 0.0%

The company has a market cap of $3.40 million, a price-to-earnings ratio of -0.08 and a beta of -1.20. The company has a debt-to-equity ratio of 18.96, a current ratio of 0.13 and a quick ratio of 0.09. The firm has a 50-day moving average price of $1.06 and a 200 day moving average price of $1.49.

Inspire Veterinary Partners (NASDAQ:IVP) last released its earnings results on Wednesday, August 13th. The company reported ($0.50) earnings per share for the quarter. Inspire Veterinary Partners had a negative return on equity of 641.93% and a negative net margin of 84.39%.The business had revenue of $4.28 million for the quarter.

Institutional Trading of Inspire Veterinary Partners

An institutional investor recently bought a new position in Inspire Veterinary Partners stock. Armistice Capital LLC bought a new stake in Inspire Veterinary Partners, Inc. (NASDAQ:IVP) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 202,896 shares of the company’s stock, valued at approximately $347,000. Armistice Capital LLC owned 9.57% of Inspire Veterinary Partners at the end of the most recent reporting period. Institutional investors own 4.76% of the company’s stock.

About Inspire Veterinary Partners

Inspire Veterinary Partners, Inc owns and operates veterinary hospitals in the United States. The company specializes in small animal general practice hospitals, which serve companion pets, canine, and feline breeds, including equine care. Its hospitals provide preventive care for companion animals consisting of annual health exams and parasite control; dental health; nutrition and body condition counseling; neurological examinations; radiology; bloodwork; and skin and coat health, and other breed specific preventive care services.