Innovotech (CVE:IOT) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Innovotech Inc. (CVE:IOTGet Free Report)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.18 and traded as low as C$0.15. Innovotech shares last traded at C$0.15, with a volume of 64,000 shares.

Innovotech Price Performance

The company’s 50 day simple moving average is C$0.18 and its 200-day simple moving average is C$0.16. The company has a debt-to-equity ratio of 12.55, a quick ratio of 5.81 and a current ratio of 2.63. The firm has a market capitalization of C$5.85 million, a PE ratio of -15.00 and a beta of 1.15.

Innovotech Company Profile

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Innovotech Inc provides assay kits used in growing microbial biofilms for research purposes in Canada, the United States, and internationally. The company offers InnovoSIL, a silver periodate antimicrobial compounds for medical applications; MBEC Assay kit, a petri dish for biofilms, which are used for research and medical device testing of microbial biofilms; and AgreGuard, an antimicrobial for crop protection.

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