Inovalis Real Estate Investment Trust (TSE:INO.UN – Get Rating)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.08 and traded as low as C$3.37. Inovalis Real Estate Investment Trust shares last traded at C$3.38, with a volume of 74,307 shares.
Analysts Set New Price Targets
Separately, National Bankshares lowered their price target on shares of Inovalis Real Estate Investment Trust from C$4.25 to C$3.75 in a report on Tuesday, April 18th.
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The company has a current ratio of 0.89, a quick ratio of 0.32 and a debt-to-equity ratio of 85.58. The company has a market capitalization of C$110.80 million, a P/E ratio of -3.02 and a beta of 1.60. The business's fifty day moving average price is C$3.84 and its 200-day moving average price is C$4.08.
About Inovalis Real Estate Investment Trust
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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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