Inovalis Real Estate Investment Trust (TSE:INO.UN) Sets New 52-Week Low – Time to Sell?

Inovalis Real Estate Investment Trust (TSE:INO.UN) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.66 and last traded at C$0.71, with a volume of 18422 shares trading hands. The stock had previously closed at C$0.66.

Inovalis Real Estate Investment Trust Price Performance

The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 100.22. The stock has a market cap of C$24.45 million, a PE ratio of -0.54 and a beta of 0.25. The business has a 50-day moving average price of C$0.77 and a 200 day moving average price of C$0.89.

Inovalis Real Estate Investment Trust (TSE:INO.UN) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.38 earnings per share (EPS) for the quarter. The firm had revenue of C$3.68 million during the quarter.

About Inovalis Real Estate Investment Trust

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. The majority of its revenue is generated from rental income in France.