Inventronics (CVE:IVX) Stock Price Down 1.4% – Time to Sell?

Inventronics Limited (CVE:IVX) dropped 1.4% on Tuesday . The company traded as low as C$0.68 and last traded at C$0.69. Approximately 3,500 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 5,756 shares. The stock had previously closed at C$0.70.

Inventronics Price Performance

The company has a market cap of C$3.36 million, a price-to-earnings ratio of -23.00 and a beta of 0.36. The company’s 50-day simple moving average is C$0.74 and its 200-day simple moving average is C$0.77. The company has a debt-to-equity ratio of 101.94, a current ratio of 2.37 and a quick ratio of 1.06.

Inventronics (CVE:IVX) last released its quarterly earnings results on Thursday, August 22nd. The company reported C$0.03 earnings per share for the quarter. Inventronics had a negative net margin of 2.64% and a negative return on equity of 5.51%. The business had revenue of C$1.95 million during the quarter.

Inventronics Company Profile

Inventronics Limited designs, manufactures, and sells protective enclosures and related products for the telecommunications, cable, electric transmission, oil and gas, and other industries in North America. The company offers CP Pedestal series for CATV distribution equipment; IVT BOBCAT co-locate cabinet series for broadband node locations supporting remote deployment of network electronics, including power supply, batteries, and RF components; SG pedestals for utility and communication industries; and MDU enclosure series for cable and telecom companies.