Inovalis Real Estate Investment Trust (TSE:INO.UN) Shares Cross Above 50 Day Moving Average – Should You Sell?

Inovalis Real Estate Investment Trust (TSE:INO.UN)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.89 and traded as high as C$0.97. Inovalis Real Estate Investment Trust shares last traded at C$0.95, with a volume of 36,357 shares.

Inovalis Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 100.22, a quick ratio of 0.32 and a current ratio of 0.55. The company has a fifty day moving average price of C$0.89 and a two-hundred day moving average price of C$1.02. The company has a market cap of C$29.66 million, a P/E ratio of -0.44 and a beta of 1.78.

Insider Activity at Inovalis Real Estate Investment Trust

In other news, insider Inovalis S.A. purchased 127,000 shares of the company’s stock in a transaction on Friday, December 20th. The shares were purchased at an average cost of C$0.88 per share, with a total value of C$111,760.00. Over the last ninety days, insiders purchased 160,500 shares of company stock valued at $140,408. Insiders own 0.65% of the company’s stock.

Inovalis Real Estate Investment Trust Company Profile

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.