Inovalis Real Estate Investment Trust (TSE:INO.UN) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Inovalis Real Estate Investment Trust (TSE:INO.UN)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.92 and traded as low as C$0.84. Inovalis Real Estate Investment Trust shares last traded at C$0.86, with a volume of 11,750 shares.

Analyst Upgrades and Downgrades

Separately, Desjardins increased their price target on shares of Inovalis Real Estate Investment Trust from C$0.85 to C$1.00 and gave the stock a “hold” rating in a research report on Thursday, April 3rd.

Inovalis Real Estate Investment Trust Stock Up 4.9 %

The company has a debt-to-equity ratio of 100.22, a current ratio of 0.55 and a quick ratio of 0.32. The company has a 50-day moving average price of C$0.90 and a 200 day moving average price of C$0.92. The firm has a market capitalization of C$28.03 million, a PE ratio of -0.41 and a beta of 1.78.

Inovalis Real Estate Investment Trust Company Profile

Inovalis Real Estate Investment Trust is a Canada based open-ended real estate investment trust. The REIT Properties consist of office properties that are used for the rental of office space leased to corporate clients in urban areas. Its properties portfolio includes office rental properties located in France and Germany.