Inventronics (CVE:IVX) Shares Down 4.3% – Here’s What Happened

Inventronics Limited (CVE:IVX) dropped 4.3% on Tuesday . The company traded as low as C$0.67 and last traded at C$0.67. Approximately 7,577 shares traded hands during trading, an increase of 16% from the average daily volume of 6,505 shares. The stock had previously closed at C$0.70.

Inventronics Stock Down 4.3%

The stock’s 50 day simple moving average is C$0.77 and its two-hundred day simple moving average is C$0.80. The firm has a market cap of C$3.26 million, a P/E ratio of 11.75 and a beta of 0.27. The company has a debt-to-equity ratio of 87.18, a current ratio of 3.26 and a quick ratio of 1.06.

Inventronics Company Profile

Inventronics Limited designs, manufactures, and sells protective enclosures and related products for the telecommunications, cable, electric transmission, oil and gas, and other industries in North America. The company offers CP Pedestal series for CATV distribution equipment; IVT BOBCAT co-locate cabinet series for broadband node locations supporting remote deployment of network electronics, including power supply, batteries, and RF components; SG pedestals for utility and communication industries; and MDU enclosure series for cable and telecom companies.