Intouch Insight (CVE:INX) Shares Pass Below 50-Day Moving Average – Should You Sell?

Intouch Insight Ltd. (CVE:INX)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.34 and traded as low as C$0.33. Intouch Insight shares last traded at C$0.33, with a volume of 2,564 shares traded.

Intouch Insight Stock Performance

The company has a market cap of C$8.44 million, a PE ratio of -8.25 and a beta of 1.04. The company has a debt-to-equity ratio of 43.52, a quick ratio of 1.82 and a current ratio of 1.70. The firm’s 50 day moving average is C$0.34 and its 200-day moving average is C$0.30.

Insider Activity

In related news, Director Eric Marshall Beutel purchased 862,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average cost of C$0.32 per share, for a total transaction of C$275,840.00. Following the completion of the transaction, the director directly owned 2,333,000 shares of the company’s stock, valued at approximately C$746,560. This trade represents a 58.60% increase in their ownership of the stock. 28.18% of the stock is owned by company insiders.

About Intouch Insight

Intouch Insight Ltd. provides customer experience management products and software solutions in Canada, the United States, and internationally. The company’s solutions and services allow its clients to measure, monitor, and improve the delivery of their brand across multiple locations and/or large geographical areas, including mystery shopping, audits, merchandising, sampling, customer capture, and store re-branding; and Software as a Service products comprising forms and checklist automation, customer satisfaction surveys, and data aggregation, analysis, and reporting.