Inovalis Real Estate Investment Trust (TSE:INO.UN) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Inovalis Real Estate Investment Trust (TSE:INO.UN)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.82 and traded as low as C$0.80. Inovalis Real Estate Investment Trust shares last traded at C$0.80, with a volume of 17,500 shares traded.

Analysts Set New Price Targets

Separately, Desjardins lowered their price target on shares of Inovalis Real Estate Investment Trust from C$1.10 to C$0.85 and set a “hold” rating for the company in a report on Monday, August 25th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$0.85.

Inovalis Real Estate Investment Trust Stock Down 1.2%

The firm’s 50 day moving average price is C$0.82 and its two-hundred day moving average price is C$0.88. The company has a market cap of C$26.56 million, a P/E ratio of -0.60 and a beta of 0.82. The company has a debt-to-equity ratio of 100.22, a quick ratio of 0.32 and a current ratio of 0.55.

Inovalis Real Estate Investment Trust Company Profile

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.