Inovalis Real Estate Investment Trust (TSE:INO.UN) Stock Passes Above 50 Day Moving Average – Here’s Why

Inovalis Real Estate Investment Trust (TSE:INO.UNGet Free Report)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.85 and traded as high as C$0.96. Inovalis Real Estate Investment Trust shares last traded at C$0.96, with a volume of 4,030 shares.

Inovalis Real Estate Investment Trust Stock Performance

The stock has a market capitalization of C$31.88 million, a PE ratio of -0.72 and a beta of 0.67. The business’s 50 day moving average is C$0.85 and its 200 day moving average is C$0.85. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 100.22.

About Inovalis Real Estate Investment Trust

(Get Free Report)

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. The majority of its revenue is generated from rental income in France.

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