Inventronics (CVE:IVX) Shares Down 21.3% – Here’s Why

Inventronics Limited (CVE:IVXGet Free Report)’s share price traded down 21.3% during trading on Friday . The company traded as low as C$0.59 and last traded at C$0.59. Approximately 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 debt-to-equity ratio of 78.28, a current ratio of 2.05 and a quick ratio of 1.06. The firm has a market cap of C$2.87 million, a price-to-earnings ratio of 24.58 and a beta of -0.04. The firm has a fifty day simple moving average of C$0.72 and a two-hundred day simple moving average of C$0.72.

About Inventronics

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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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