Inovalis Real Estate Investment Trust (TSE:INO.UN)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.10 and traded as low as $10.00. Inovalis Real Estate Investment Trust shares last traded at $10.06, with a volume of 21,214 shares.
Separately, National Bank Financial raised their price target on Roots from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a research report on Thursday, April 4th.
The company has a debt-to-equity ratio of 122.74, a current ratio of 0.45 and a quick ratio of 0.33. The company has a market cap of $228.89 million and a price-to-earnings ratio of 10.08. The company has a 50-day simple moving average of C$10.10.
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.
Further Reading: Arbitrage
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