Inspira Technologies Oxy B.H.N. (NASDAQ:IINN) Trading Down 1% – Here’s Why

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

Inspira Technologies Oxy B.H.N. Price Performance

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

Institutional Trading of Inspira Technologies Oxy B.H.N.

An institutional investor recently bought a new position in Inspira Technologies Oxy B.H.N. stock. Renaissance Technologies LLC acquired a new position in Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ:IINN) during the second quarter, according to its most recent filing with the SEC. The firm acquired 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. as of its most recent filing with the SEC. 12.72% of the stock is currently owned by institutional investors and hedge funds.

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.