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.UNGet Rating)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analyst Ratings Changes

INO.UN has been the topic of several research reports. 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. 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.

Inovalis Real Estate Investment Trust Price Performance

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

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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