Inspire Veterinary Partners (NASDAQ:IVP) Trading Up 13.5% – Here’s Why

Shares of Inspire Veterinary Partners, Inc. (NASDAQ:IVP) rose 13.5% during mid-day trading on Wednesday . The stock traded as high as $1.15 and last traded at $1.11. Approximately 393,773 shares changed hands during mid-day trading, an increase of 355% from the average daily volume of 86,464 shares. The stock had previously closed at $0.98.

Inspire Veterinary Partners Stock Performance

The company has a debt-to-equity ratio of 18.96, a quick ratio of 0.09 and a current ratio of 0.13. The stock has a market cap of $4.01 million, a P/E ratio of -0.10 and a beta of -1.17. The stock has a fifty day simple moving average of $0.86 and a 200-day simple moving average of $1.32.

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

Institutional Trading of Inspire Veterinary Partners

A hedge fund recently bought a new stake in Inspire Veterinary Partners stock. Armistice Capital LLC bought a new position in shares of Inspire Veterinary Partners, Inc. (NASDAQ:IVP) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 202,896 shares of the company’s stock, valued at approximately $347,000. Armistice Capital LLC owned approximately 9.57% of Inspire Veterinary Partners as of its most recent filing with the Securities & Exchange Commission. 4.76% of the stock is currently owned by institutional investors.

Inspire Veterinary Partners Company Profile

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.