Inovalis Real Estate Investment Trust (TSE:INO.UN) Shares Cross Below 200 Day Moving Average – What’s Next?

Inovalis Real Estate Investment Trust (TSE:INO.UN)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.92 and traded as low as C$0.89. Inovalis Real Estate Investment Trust shares last traded at C$0.89, with a volume of 15,606 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Desjardins lifted their price objective on Inovalis Real Estate Investment Trust from C$0.85 to C$1.00 and gave the company a “hold” rating in a research report on Thursday, April 3rd.

Inovalis Real Estate Investment Trust Stock Performance

The stock has a 50 day simple moving average of C$0.94 and a 200 day simple moving average of C$0.92. The company has a market cap of C$29.01 million, a price-to-earnings ratio of -0.43 and a beta of 1.78. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 100.22.

About Inovalis Real Estate Investment Trust

Inovalis Real Estate Investment Trust is a Canada based open-ended real estate investment trust. The REIT Properties consist of office properties that are used for the rental of office space leased to corporate clients in urban areas. Its properties portfolio includes office rental properties located in France and Germany.