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

Inovalis Real Estate Investment Trust (TSE:INO.UN)’s stock price reached a new 52-week low on Tuesday. The stock traded as low as C$0.65 and last traded at C$0.66, with a volume of 22154 shares trading hands. The stock had previously closed at C$0.67.

Inovalis Real Estate Investment Trust Stock Performance

The stock has a market cap of C$23.49 million, a price-to-earnings ratio of -0.52 and a beta of 0.11. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 100.22. The company has a 50 day simple moving average of C$0.75 and a 200 day simple moving average of C$0.78.

Inovalis Real Estate Investment Trust (TSE:INO.UN) last issued its earnings results on Thursday, August 6th. The company reported C($0.34) earnings per share (EPS) for the quarter. The business had revenue of C$4.18 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.