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Inovalis Real Estate Investment Trust (TSE:INO.UN) Shares Cross Below Two Hundred Day Moving Average of $4.20

Defense World ·  Mar 30, 2023 16:04

Inovalis Real Estate Investment Trust (TSE:INO.UN – Get Rating) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.20 and traded as low as C$3.74. Inovalis Real Estate Investment Trust shares last traded at C$3.87, with a volume of 54,895 shares.

Wall Street Analyst Weigh In

Separately, National Bankshares boosted their target price on Inovalis Real Estate Investment Trust from C$4.00 to C$4.25 and gave the company a "sector perform" rating in a report on Monday, January 30th.

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Inovalis Real Estate Investment Trust Stock Up 3.2 %

The firm has a market capitalization of C$126.86 million, a price-to-earnings ratio of -11.06 and a beta of 1.60. The stock has a 50 day moving average of C$4.24 and a 200 day moving average of C$4.20. The company has a quick ratio of 0.32, a current ratio of 0.42 and a debt-to-equity ratio of 77.38.

Inovalis Real Estate Investment Trust Company Profile

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Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France and Germany but also opportunistically in other European countries where assets meet the REIT's investment criteria.

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