Inventronics (CVE:IVX) Trading 6.7% Higher – Still a Buy?

Inventronics Limited (CVE:IVX)’s stock price shot up 6.7% during trading on Monday . The stock traded as high as C$0.80 and last traded at C$0.80. 35,700 shares changed hands during mid-day trading, an increase of 606% from the average session volume of 5,060 shares. The stock had previously closed at C$0.75.

Inventronics Stock Performance

The company’s 50-day simple moving average is C$0.80 and its 200 day simple moving average is C$0.80. The stock has a market cap of C$3.90 million, a P/E ratio of 20.51 and a beta of 0.39. The company has a current ratio of 2.65, a quick ratio of 1.06 and a debt-to-equity ratio of 84.51.

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.