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Closing Bell: Inovalis REIT up on Friday (INO-UN)

Automated Summaries - The Globe and Mail - Fri Aug 2, 4:01PM CDT

In today's trading, Inovalis REIT shares closed at $1.31 after opening the day at $1.25. Intraday prices ranged from a low of $1.25 to a high of $1.34.

Shares boosted 4.80% from the previous day's close of $1.25.

Today across North America, the TSX Composite closed -2.18% at 22227.63, the S&P 500 closed -1.37% at 5446.68, the Dow Jones Industrial Average closed -1.21% at 40347.97 and the Nasdaq Composite closed -2.30% at 17194.15.

Inovalis REIT traded under INO-UN on the Toronto Stock Exchange (TSX).

A total of 79,000 shares was traded during the last trading day, with total trades of 199, while having an average volume of 113,762 in the last five days.

The TSX overall saw 741 price advancers against 4,512 declines and 69 unchanged.

During the prior 52 weeks, INO-UN.TO has traded as high as $3.72 (August 04,2023) and low as $0.69 (November 14,2023). Moreover, the shares have shrunken -64.11% in 52 weeks, while they have dipped -22.94% since the start of 2024.

It announced a 0.03 dividend on August 09/23, with an October 30/23 ex-date and November 15/23 pay day.

Following today's trading, Inovalis REIT has a market capitalization of $40.74 million on a float of 32,595 shares outstanding. Its annual EPS is $-1.38.

Inovalis REIT is a TSX REIT company headquartered in Toronto, CAN.

Inovalis REIT's average recommendation is "Hold" based on 2.00 analysts according to Zacks. From those 2 analysts, 2 analysts gave hold ratings.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..