Inventronics (CVE:IVX) Stock Price Up 6.7% – Still a Buy?

Inventronics Limited (CVE:IVX)’s share price shot up 6.7% during mid-day trading on Monday . The company traded as high as C$0.80 and last traded at C$0.80. 35,700 shares were traded during trading, an increase of 606% from the average session volume of 5,060 shares. The stock had previously closed at C$0.75.

Inventronics Trading Up 6.7%

The company has a market capitalization of C$3.90 million, a P/E ratio of 20.51 and a beta of 0.39. The business has a fifty day moving average of C$0.80 and a 200-day moving average of C$0.80. The company has a debt-to-equity ratio of 84.51, a quick ratio of 1.06 and a current ratio of 2.65.

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.