Intouch Insight (CVE:INX) Shares Pass Below 50 Day Moving Average – Here’s What Happened

Shares of Intouch Insight Ltd. (CVE:INX) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.30 and traded as low as C$0.26. Intouch Insight shares last traded at C$0.26, with a volume of 1,500 shares changing hands.

Intouch Insight Stock Down 10.3%

The company has a quick ratio of 1.82, a current ratio of 1.70 and a debt-to-equity ratio of 43.52. The company has a fifty day simple moving average of C$0.30 and a 200 day simple moving average of C$0.31. The firm has a market capitalization of C$6.65 million, a P/E ratio of 26.00 and a beta of 1.15.

Insider Activity

In other news, Director Eric Marshall Beutel purchased 862,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average price of C$0.32 per share, for a total transaction of C$275,840.00. Following the completion of the acquisition, the director directly owned 2,333,000 shares in the company, valued at C$746,560. This represents a 58.60% increase in their position. Corporate insiders own 28.18% of the company’s stock.

Intouch Insight Company Profile

Intouch Insight Ltd. provides customer experience management products and software solutions in Canada, the United States, and internationally. The company’s solutions and services allow its clients to measure, monitor, and improve the delivery of their brand across multiple locations and/or large geographical areas, including mystery shopping, audits, merchandising, sampling, customer capture, and store re-branding; and Software as a Service products comprising forms and checklist automation, customer satisfaction surveys, and data aggregation, analysis, and reporting.