Inventronics (CVE:IVX) Shares Down 21.3% – Here’s Why
by Michael Walen · The Markets DailyShares of Inventronics Limited (CVE:IVX – Get Free Report) traded down 21.3% on Friday . The company traded as low as C$0.59 and last traded at C$0.59. 5,000 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 6,133 shares. The stock had previously closed at C$0.75.
Inventronics Stock Performance
The company has a quick ratio of 1.06, a current ratio of 2.73 and a debt-to-equity ratio of 84.30. The stock has a market capitalization of C$2.87 million, a PE ratio of 24.58 and a beta of -0.04. The firm has a 50 day moving average price of C$0.72 and a 200-day moving average price of C$0.72.
Inventronics Company Profile
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.