Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) Stock Price Down 1% – Here’s What Happened

Shares of Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) were down 1% during trading on Thursday . The stock traded as low as $0.95 and last traded at $1.00. Approximately 112,333 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 90,267 shares. The stock had previously closed at $1.01.

Inspira Technologies Oxy B.H.N. Price Performance

The company’s 50 day simple moving average is $1.20 and its 200 day simple moving average is $1.21. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.23 and a quick ratio of 2.13.

Hedge Funds Weigh In On Inspira Technologies Oxy B.H.N.

A hedge fund recently bought a new stake in Inspira Technologies Oxy B.H.N. stock. Renaissance Technologies LLC bought a new stake in Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 24,497 shares of the company’s stock, valued at approximately $34,000. Renaissance Technologies LLC owned about 0.19% of Inspira Technologies Oxy B.H.N. at the end of the most recent reporting period. 12.72% of the stock is currently owned by hedge funds and other institutional investors.

About Inspira Technologies Oxy B.H.N.

Inspira Technologies Oxy B.H.N. Ltd., a specialty medical device company, engages in the research, development, manufacture, and marketing of respiratory support technology to provide an alternative to invasive mechanical ventilation for the treatment of acute respiratory failure. Its lead product is the augmented respiration technology system, a respiratory support system comprising minimally invasive, portable dual lumen cannula, which is inserted into the jugular vein and utilizes extra-corporeal direct blood oxygenation to elevate and stabilize declining oxygen saturation levels.