Inovalis Real Estate Investment Trust (TSE:INO.UN) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Inovalis Real Estate Investment Trust (TSE:INO.UN)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.93 and traded as high as C$0.97. Inovalis Real Estate Investment Trust shares last traded at C$0.97, with a volume of 4,181 shares changing hands.

Inovalis Real Estate Investment Trust Stock Performance

The firm’s 50 day simple moving average is C$0.93 and its 200-day simple moving average is C$0.99. The company has a debt-to-equity ratio of 100.22, a quick ratio of 0.32 and a current ratio of 0.55. The company has a market capitalization of C$31.61 million, a price-to-earnings ratio of -0.46 and a beta of 1.78.

Insider Activity

In other Inovalis Real Estate Investment Trust news, insider Inovalis S.A. acquired 127,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average cost of C$0.88 per share, for a total transaction of C$111,760.00. Insiders have purchased a total of 219,000 shares of company stock worth $194,634 in the last ninety days. Corporate insiders own 0.65% of the company’s stock.

About Inovalis Real Estate Investment Trust

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.