Inovalis Real Estate Investment Trust (TSE:INO.UN) Stock Price Passes Above 50-Day Moving Average of $10.78

Inovalis Real Estate Investment Trust (TSE:INO.UN) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.78 and traded as high as $11.01. Inovalis Real Estate Investment Trust shares last traded at $10.96, with a volume of 104,341 shares trading hands.

A number of research analysts recently commented on the stock. Canaccord Genuity boosted their price objective on shares of Inovalis Real Estate Investment Trust from C$10.50 to C$11.25 in a research report on Monday, November 18th. National Bank Financial set a C$11.50 price objective on shares of Inovalis Real Estate Investment Trust and gave the company a “sector perform” rating in a research report on Tuesday, December 24th.

The company has a debt-to-equity ratio of 121.48, a current ratio of 0.35 and a quick ratio of 0.21. The stock has a market capitalization of $314.14 million and a price-to-earnings ratio of 11.82. The stock’s 50 day simple moving average is C$10.79 and its 200-day simple moving average is C$10.57.

About Inovalis Real Estate Investment Trust (TSE:INO.UN)

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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