Innovotech (CVE:IOT) Stock Crosses Below 50 Day Moving Average – What’s Next?

Shares of Innovotech Inc. (CVE:IOTGet Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.14 and traded as low as C$0.13. Innovotech shares last traded at C$0.13, with a volume of 10,000 shares trading hands.

Innovotech Price Performance

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’s fifty day simple moving average is C$0.14 and its 200-day simple moving average is C$0.13. The company has a market capitalization of C$5.07 million, a P/E ratio of -13.00 and a beta of 1.15.

Innovotech Company Profile

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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.

Further Reading

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