Invesque (TSE:IVQ.U) Hits New 1-Year Low at $6.09

Shares of Invesque Inc (TSE:IVQ.U) hit a new 52-week low on Thursday . The company traded as low as C$6.09 and last traded at C$6.31, with a volume of 52491 shares changing hands. The stock had previously closed at C$6.92.

Separately, Canaccord Genuity reduced their target price on Invesque from C$8.00 to C$7.50 in a report on Thursday, May 16th.

The firm’s fifty day simple moving average is C$7.30. The firm has a market capitalization of $330.04 million and a PE ratio of -44.29. The company has a current ratio of 0.67, a quick ratio of 0.48 and a debt-to-equity ratio of 156.74.

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be issued a $0.0614 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 11.88%. The ex-dividend date of this dividend is Tuesday, July 30th. Invesque’s dividend payout ratio is presently -528.57%.

About Invesque (TSE:IVQ.U)

Invesque Inc operates as a real estate investment company in Canada and the United States. The company invests in health care and senior living properties, such as post-acute transitional care, long-term care, memory care, assisted living, independent living, and medical office properties. As of December 31, 2018, it owns a portfolio of 98 health care and senior living properties.

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