Innovotech (CVE:IOT) Hits New 1-Year Low – Should You Sell?

Innovotech Inc. (CVE:IOTGet Free Report)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as C$0.10 and last traded at C$0.10, with a volume of 223914 shares traded. The stock had previously closed at C$0.11.

Innovotech Stock Performance

The company has a market capitalization of C$5.44 million, a P/E ratio of -14.69 and a beta of 2.62. The business has a 50 day moving average of C$0.16 and a 200 day moving average of C$0.21. The company has a quick ratio of 5.81, a current ratio of 2.63 and a debt-to-equity ratio of 12.55.

Innovotech Company Profile

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Innovotech Inc provides assay kits used in growing microbial biofilms for research purposes in Canada, the United States, and internationally. The company offers InnovoSIL, a silver periodate antimicrobial compounds for medical applications; MBEC Assay kit, a petri dish for biofilms, which are used for research and medical device testing of microbial biofilms; and AgreGuard, an antimicrobial for crop protection. It also provides antimicrobial contract research and antimicrobial testing; antimicrobial and anti-biofilm agents; antimicrobial and anti-biofilm materials; BEST assay testing; implanted medical devices; bacteriophage testing; and analytical services.

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