Innovotech (CVE:IOT) Hits New 52-Week Low – What’s Next?

Innovotech Inc. (CVE:IOT)’s stock price hit a new 52-week low on Friday . The company traded as low as C$0.11 and last traded at C$0.12, with a volume of 260000 shares changing hands. The stock had previously closed at C$0.13.

Innovotech Stock Performance

The company has a market capitalization of C$6.53 million, a price-to-earnings ratio of 65.04 and a beta of 2.86. The company has a debt-to-equity ratio of 12.55, a current ratio of 2.63 and a quick ratio of 5.81. The stock has a 50 day moving average price of C$0.19 and a two-hundred day moving average price of C$0.23.

Innovotech Company Profile

Innovotech Inc provides assay kits used in growing microbial biofilms for research purposes in Canada, the United States, and internationally. The company offers InnovoSIL, a silver periodate antimicrobial compounds for medical applications; MBEC Assay kit, a petri dish for biofilms, which are used for research and medical device testing of microbial biofilms; and AgreGuard, an antimicrobial for crop protection. It also provides antimicrobial contract research and antimicrobial testing; antimicrobial and anti-biofilm agents; antimicrobial and anti-biofilm materials; BEST assay testing; implanted medical devices; bacteriophage testing; and analytical services.