InterRent Real Estate Investment Trust (OTCMKTS:IIPZF – Get Free Report)’s share price traded down 2.5% during mid-day trading on Wednesday . The stock traded as low as $8.73 and last traded at $8.73. 110 shares traded hands during trading, a decline of 80% from the average session volume of 559 shares. The stock had previously closed at $8.96.
InterRent Real Estate Investment Trust Stock Performance
The stock has a fifty day simple moving average of $9.54 and a 200-day simple moving average of $9.57. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.27 billion, a P/E ratio of 18.57 and a beta of 0.76.
About InterRent Real Estate Investment Trust
InterRent?REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution?through the acquisition and ownership of multi-residential properties. InterRent's strategy is to expand its portfolio primarily within?markets that have exhibited stable market vacancies,?sufficient suites available to attain the critical mass necessary to implement?an efficient portfolio management structure, and?offer opportunities for accretive acquisitions.
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