Inventronics (CVE:IVX) Shares Down 8.3% – Here’s Why

Inventronics Limited (CVE:IVXGet Free Report)’s stock price fell 8.3% on Thursday . The stock traded as low as C$0.66 and last traded at C$0.66. Approximately 8,500 shares were traded during mid-day trading, an increase of 51% from the average daily volume of 5,642 shares. The stock had previously closed at C$0.72.

Inventronics Stock Performance

The company has a debt-to-equity ratio of 84.30, a quick ratio of 1.06 and a current ratio of 2.73. The firm’s 50 day simple moving average is C$0.72 and its 200 day simple moving average is C$0.73. The firm has a market capitalization of C$3.21 million, a price-to-earnings ratio of 27.50 and a beta of -0.04.

Inventronics Company Profile

(Get Free Report)

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.

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