Inovalis Real Estate Investment Trust (TSE:INO.UN) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Inovalis Real Estate Investment Trust (TSE:INO.UN) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.85 and traded as low as C$0.79. Inovalis Real Estate Investment Trust shares last traded at C$0.80, with a volume of 45,490 shares traded.

Wall Street Analyst Weigh In

Separately, Desjardins reduced their target price on Inovalis Real Estate Investment Trust from C$1.10 to C$0.85 and set a “hold” rating on the stock in a research report on Monday, August 25th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Inovalis Real Estate Investment Trust has a consensus rating of “Hold” and a consensus target price of C$0.85.

Inovalis Real Estate Investment Trust Stock Performance

The stock has a market capitalization of C$27.23 million, a price-to-earnings ratio of -0.62 and a beta of 0.78. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 100.22. The firm has a 50-day moving average of C$0.80 and a 200-day moving average of C$0.85.

Inovalis Real Estate Investment Trust Company Profile

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.