Invesque (TSE:IVQ.U) Sets New 1-Year Low – Should You Sell?
by Michael Walen · The Markets DailyInvesque Inc (TSE:IVQ.U – Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as C$0.08 and last traded at C$0.08, with a volume of 1000 shares traded. The stock had previously closed at C$0.09.
Invesque Stock Down 11.1%
The company has a market cap of C$73.08 million, a price-to-earnings ratio of -2.00 and a beta of 1.34. The company has a current ratio of 0.77, a quick ratio of 0.35 and a debt-to-equity ratio of 471.30. The firm’s fifty day moving average price is C$0.09 and its 200-day moving average price is C$0.09.
Invesque Company Profile
Invesque is a North American health care real estate company with an investment thesis focused on the premise that an aging demographic will continue to utilize health care services in growing proportion to the overall economy. The Company currently capitalizes on this opportunity by investing in a portfolio of income-generating, private pay seniors housing communities. Invesque’s portfolio includes investments in independent living, assisted living, and memory care, which are operated under joint venture arrangements with industry-leading operating partners and in owner-occupied seniors housing properties in which the Company owns the real estate, and the licensed operations.