Inovalis Real Estate Investment Trust (TSE:INO.UN) Stock Crosses Below 200 Day Moving Average of $8.54

Inovalis Real Estate Investment Trust (TSE:INO.UN – Get Rating) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.54 and traded as low as C$7.12. Inovalis Real Estate Investment Trust shares last traded at C$7.13, with a volume of 43,369 shares changing hands.

Analyst Ratings Changes

INO.UN has been the topic of several research reports. National Bankshares dropped their price target on Inovalis Real Estate Investment Trust from C$9.00 to C$7.25 and set a “sector perform” rating on the stock in a report on Wednesday, July 20th. Canaccord Genuity Group dropped their price target on Inovalis Real Estate Investment Trust from C$9.00 to C$8.00 in a report on Tuesday, May 10th.

Inovalis Real Estate Investment Trust Stock Performance

The firm has a market capitalization of C$232.35 million and a PE ratio of 8.20. The firm’s fifty day moving average price is C$7.38 and its 200 day moving average price is C$8.54. The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 78.02.

Inovalis Real Estate Investment Trust Company Profile

(Get Rating)

Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France and Germany but also opportunistically in other European countries where assets meet the REIT's investment criteria.

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