Innovotech (CVE:IOT) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Innovotech Inc. (CVE:IOT)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.26 and traded as low as C$0.24. Innovotech shares last traded at C$0.26, with a volume of 25,727 shares trading hands.

Innovotech Price Performance

The business’s fifty day moving average price is C$0.26 and its 200-day moving average price is C$0.24. The company has a market capitalization of C$13.52 million, a P/E ratio of 47.41 and a beta of 2.50. The company has a current ratio of 2.63, a quick ratio of 5.81 and a debt-to-equity ratio of 12.55.

About Innovotech

Innovotech Inc provides assay kits used in growing microbial biofilms for research purposes in Canada, the United States, and internationally. The company offers InnovoSIL, a silver periodate antimicrobial compounds for medical applications; MBEC Assay kit, a petri dish for biofilms, which are used for research and medical device testing of microbial biofilms; and AgreGuard, an antimicrobial for crop protection. It also provides antimicrobial contract research and antimicrobial testing; antimicrobial and anti-biofilm agents; antimicrobial and anti-biofilm materials; BEST assay testing; implanted medical devices; bacteriophage testing; and analytical services.